Jan-Feb domestic exports FTA utilization of 63%.

[Korea financial newspaper reporters standing hyomun] For Export Free Trade Agreement (FTA) utilization increased slightly this year, a survey by nearly 63%. By agreement, Canada FTA utilization rate was the highest.

27 days, according to the Korea Customs Service has increased from January to February FTA signatory trade and exports 59.7 billion US dollars this year and 16.7% respectively year-on-year to 45.4 billion US dollars income, 13.7%. Where South Korea signed an FTA was identified 15 agreements with 52 countries that account for about 68% share of the trade.

FTA utilization has been expanding exports, respectively 63.0% and 0.3% YoY to 66.9% import points and 1.7 percentage points. FTA utilization rate refers to the amount of import and export rate is applied against actual FTA preferential preferential target items.

Exports were the FTA utilization rate in Canada (92.0%), Peru (85.5%), the US (81.0%). In Chile imports FTA utilization rate (99.6%), Colombia (85.1%), Canada (82.0%) accounted for 1-3 above.

South Korea's largest trading partner in the case of exports to China FTA utilization was estimated to increase by 8.4% points from the end of last year by 33.9% to 42.3% in February this year.

In terms of export industry utilization rates were higher in the automotive industry, including machinery (72.3%), plastic rubber (72.7%). Utilization noticeable in consumer goods imports was the center, such as agriculture, forestry and fisheries (87.7%), textiles (79.3%).



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