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FREE TRADE AGREEMENT BETWEEN VIETNAM AND KOREA (VKFTA)

Tariff commitments in VKFTA are negotiated on the basis of tariff commitments in the ASEAN - Korea FTA (AKFTA), with a higher liberalization level. VKFTA will have further cut a number of tariff lines that have not been cut in AKFTA, specifically as follows:

  • Korea will have further removement of 506 tariff lines for Vietnam.
  • Vietnam will have further removement of 265 tariff lines for Korea.

To sum up the commitments in VKFTA and AKFTA:

  • Korea will remove 11,679 tariff lines for Vietnam.
  • Vietnam will remove for Korea 8,521 tariff lines.