South Korea and Chile Restart Negotiations to Upgrade Free Trade Agreement

Chile and South Korea have recently restarted negotiations to upgrade the bilateral free trade agreement (FTA), signed in 2003. As of now, several Chilean citrus products are not included under the country’s FTA agreement with South Korea and face significant tariffs.

Currently, the U.S. and Korea have a free trade agreement which allows numerous U.S. citrus products enter Korea with reduced tariff rates. However, if tariffs on Chilean citrus are reduced through negotiations it could increase competition for U.S. exports in South Korea.

Learn more.

Articles are property of CCM; please seek permission from CCM for the use of articles and content in any way.


Start typing and press Enter to search