Implications of the Republic of Korea's package for enhancing FTA utilization

Increased understanding of Rules of Origin (RoO) should be treated as an important element in government programmes for supporting business sectors in free trade agreements (FTAs), as well as the identification of barriers that prevent companies from utilizing FTAs. In addition, trade and industry authorities need to understand the importance of the quality of FTAs. The Republic of Korea now has free trade agreements with 50 countries including the United States of America, the European Union, ASEAN and India