Australia-Republic of Korea Free Trade Agreement negotiations

Quick Guide: Key Industrial Products Outcomes

Quick Guide: Key Industrial Product Outcomes [PDF 45 KB]

While many Australian resources and energy products already enter Korea duty free, Korea applies tariffs of up to 8 per cent on a range of resources, and tariffs of up to 13 per cent on manufactured products.

On entry into force, under KAFTA:

Korea will also provide tariff-free entry for Australia’s pharmaceutical products (including vitamins) either immediately or within three years of entry into force. Korea’s tariffs on pharmaceutical products range up to 8 per cent.