How to make the most out of the Korea-Australia Free Trade Agreement (KAFTA)
Using KAFTA is making a big difference for Australian exporters in Korea. Getting the benefits from the agreement can be easier than you think.
This guide gives you a quick summary of how to use the agreement, and how you can get the most benefit out of it, by addressing the below questions:
For goods exporters
- Does KAFTA enable my exports go into Korea at lower tariff rates?
- How do I export to Korea with lower tariffs?
- What are rules of origin?
- How do I get a Certificate of Origin?
- Do lower tariffs only benefit the importer?
- What does the importer need to do to access lower tariffs?
- What else do I need to do?
For service exporters
- How to utilise KAFTA for services
Where do I go for help with using KAFTA?
- your importer
- Australian Government agencies (DFAT, Austrade and DAWR)
- industry bodies such as the Export Council of Australia.
Agreement Portal is a very valuable resource for finding out tariff preferences and high-level information on rules of origin. DAWR’s MiCOR system is an important, if not always accurate, resource for understanding protocols, processes and documentation requirements for importing agricultural and food products into Korea. The ECA has provided insights on doing business with Korea on ANZ’s Be Trade Ready website, including an overview of documentation required.
Industry bodies, such as the Export Council of Australia, have deep practical experience in helping exporters utilise FTAs. Even if we do not have immediate answers to detailed questions about each individual FTA, we have the right connections—from both the government and private sector—to find the answers.