Chile and South Korea restart trade negotiations to lower citrus tariffs

The South American exporter of citrus and other fruits have restarted negotiations with South Korea to amend the existing FTA between them following a two year break.

Chile currently have access but face higher tariffs in South Korea for their citrus compared to the U.S. who have more favourable import terms. The two countries signed the free trade agreement in 2003 with a seventh round that was held at the end of May, 2023. 

A lot of the Chilean citrus fruit are currently excluded in the FTA with Korea. Negotiators hope to receive better tariffs for oranges, clementines, mandarins and other citrus. 

Read more: Bryant Christie Inc.

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