CARM: What all importers need to know about CARM

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Canada – Korea Free Trade Agreement implemented

     Korea export boxes

Under the new Canada-Korea Free Trade Agreement (CKFTA), which became effective January 1, 2015, numerous tariffs are being eliminated or phased out over the next 11 years.  Many tariffs are eliminated immediately, with the rest falling into these general phasing categories:

  • 3 years: Apparel
  • 3-5 years: Appliances, Consumer Electronics, Chemicals, Aluminum, Automotive (Light Vehicles), Automotive (Parts)
  • 3, 5 or 11 years: Ships
  • 5 years: Agriculture
  • 5-11 years: Footwear

As with NAFTA, a Certificate or Origin is required to take advantage of the reduced duty rates, and the goods must be imported directly from Korea to Canada.

For more information, contact Brian Rowe, General Manager – Customs Consulting Services.

   
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Ensure your shipping/receiving warehouse staff is available to receive delivery of your shipments quickly

Once advised your shipment is available for local delivery, take delivery at the earliest opportunity.

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