EU-South Korea Free Trade Agreement · Origin of Goods
To qualify for the EU-Korea FTA preferential rate on HS 7408, products must satisfy the origin rule of type MaxNOM + CTH. A tolerance of 10% of the ex-works value applies.
Manufacture: - from materials of any heading, except that of the product, and - in which the value of all the materials used does not exceed 50% of the ex-works price of the product.
50% ex-worksThe EU imported 3.8 Md€ (Jan 2022 – Mar 2026) for this HS code, with Turkey as the main supplier.
EU Imports
3.8 Md€
EU Exports
13.1 Md€
Balance
9.3 Md€
Top supplying countries (extra-EU)
Share of imports claiming a preferential rate (source: Eurostat COMEXT)
3.6 M€ of preference-eligible trade with MFN applied. Agreement may not yet be in force or preference margin may be insufficient.
Source: Eurostat COMEXT DATA_PREFERENCES - EU27 aggregate. Updated monthly.