Freight forwarders and automotive suppliers operating under the ASEAN–South Korea FTA work with defined value added thresholds: auto parts must achieve a specified percentage of production costs through materials and processing within member states to qualify for tariff concessions.
Source: https://www.asean.org/
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.