Frequently asked questions
What is India-Korea CEPA (Comprehensive Economic Partnership Agreement)
Importer only needs to submit certificate of origin from Exporter or Manufacturer to the customs house to get the CEPA benefit. Customs Duty of 80% of products can be exempted as utilization of CEPA.
How can I hire Korean employee for my business in South Asia?
Insurance Programs by KSURE (Korea Trade Insurance Corporation)
What is Economic Cooperation Work Program (ECWP)?
Economic Cooperation Work Program(ECWP) is a new approach of economic integration seeking common prosperity with partner countries by addressing trade issues and easing trade hurdles across borders. ECWP aims to facilitate free trade by identifying trade barriers and resolving them through business facilitation projects which establish a foundation for businesses running overseas as well as foreign investment companies entering emerging markets.
In accordance with the Implementing Arrangement for Economic Cooperation pursuant to Chapter 13 (Economic Cooperation) of the Free Trade Agreement between the government of Korea and Viet Nam, KOTRA has carried out ECWP since 2017. The areas of cooperation are focused on industry; agriculture, fishery, and forestry; rules and procedures for trade; and other fields such as supporting policies for SMEs, statistics, fair competition, and investment. Directed by the Ministry of Economy and Finance (MOEF) of Korea, ECWP had laid a groundwork to develop a constructive partnership between Korea and Viet Nam and expect to achieve a fruitful win-win outcome.