Free Trade Agreement

Ⅰ. Introduction FTA Free Trade Agreement Members of afree-tradearea do not have acommon external tariff, which means they have different quotas andcustoms, as well as other policies with respect to non-members. Ⅰ. Introduction Tariff AtaxthatagovernmentCollectsongoods Coming intoacountry Tax imposed on goods that cross the border Three types of tariffs Export duties Import duties Transit duties TARIFF IMPOSED ON U.S FRUIT GOES DOWN We can buy fruits at mare affordable price on the table Typical products from U.S are sherries, gradefruits and oranges. Before the FTA CHERRIES had a 24% tariff duty imposed on CHERRIES immediately abolished GRAPEFRUIT, KIWI tariffs will be eliminated over 15 years ORANGE will become duty free Resulting the fruit consumption price significantly getting lower Ⅱ. Issue & conflict Advantage TARIFF IMPOSED ON U.S COSMETICS ARE ABOLISHED Imported cosmetics loves by Korean female consumers have almost 30% of the domestic market share b…
…