GlossaryEN1 min readUpdated: Jun 11, 2026

ASEAN–South Korea FTA – Preferential Calculation of Wood Products

In trade between ASEAN and South Korea, wood products—plywood, furniture components, processed sawn timber—carry moderate-to-high tariff rates.

Last updated: 11 June 2026Published: 22 November 2025

Source: https://trade.ec.europa.eu/doclib/docs/2006/november/tradoc_130591.pdf

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In trade between ASEAN and South Korea, wood products—plywood, furniture components, processed sawn timber—carry moderate-to-high tariff rates. The preference calculation examines the origin share: if raw materials are harvested or processed within the contracting nations, import duties drop significantly. Thresholds typically range from 35–50 % locally generated value. Freight forwarders and importers must compile supply-chain documentation (origin certificates, invoices, processing records) to secure preferential tariff treatment.

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ASEAN–South Korea FTA – Preferential Calculation of Wood Products

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