Abstract
South Korea has entered into some Free Trade Agreements (FTAs) that contain special provisions of outward processing provisions. With the aid of the outward processing provisions, the goods manufactured or processed in the Kaesong Industrial Complex (KIC) are classified as originating from South Korea for the purpose of duty free treatment under the applicable agreements. This paper summarized the contents of the rules of origin and analyzed some outward processing provisions stipulated in major FTAs in Korea. It also suggested some alternatives and options in the outward processing provisions that the enterprises in the KIC can take advantage of. Efforts and support of public agencies are required to promote the use of FTAs.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Academy of Global Business and Trade
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.