NEWS

South Korea's tariff on imported stainless steel from China and Indonesia

  At present, South Korea imports stainless steel products from China. According to the agreed tax rate of the Korea China free trade agreement, the import tariff of most stainless steel is 0, and the import tariff of stainless steel flanges, weldments and pipe accessories is gradually decreasing, which is currently 1.6% - 3.7%.

  South Korea imports stainless steel products from Indonesia. According to the agreed tax rate of South Korea ASEAN Free Trade Agreement, the current stainless steel import tariff is 0.

  The regional comprehensive economic partnership agreement between South Korea and China has entered into force. However, since the tariffs on stainless steel imported by each other's countries have decreased year by year after the China South Korea free trade agreement, the impact on each other's stainless steel import and export is limited at present.