On December 5, 2014, the Canada Border Services Agency (CBSA) issued Customs Notice 14-030 announcing the signing of a Free Trade Agreement (FTA) between Canada and Korea, which will become effective January 1, 2015.

According to the notice, “With the exception of a few agricultural goods, the CKFTA will essentially eliminate the customs duties on all imports from Korea, either immediately upon implementation of the agreement, or through a tariff phase-out.”

Goods may be exported from Korea with or without transshipment to Canada, and have to be accompanied by a Canada-Korea Certificate of Origin to qualify for preferential treatment.

Customs Notice 14-030, including an outline for the agreement, can be accessed here