The Free Trade Agreement (FTA) between Canada and Korea (Rep.) (CKFTA) has been signed on 22 September 2014 that will remove duties on all but all tariff lines.
After the CKFTA’s entry into force, Korea republic will instantly eliminate duties on 81.9% of tariff lines. At that time the treaty has been completely implemented, Korea republic will have removed duties on 100% of Canadian non-agricultural exports and 97% of agricultural exports. Canada will eliminate duties on roughly 99.9% of Korea’s exports to the country. At present the treaty must be ratified by lawmakers in both countries.
