This is a rollover to update duty rates for Korea FTAs and PTAs. This rollover updates the following duties and taxes: Adjustment Rate, Special Emergency, Korea-EFTA FTA Concessive, Korea-ASEAN Free Trade Agreement, Korea-Chile FTA Concessive, Korea-Singapore FTA Concessive, Korea-EFTA FTA Concessive Duty for Switzerland, Korea-EFTA FTA Concessive Duty for Norway, Korea-EFTA FTA Concessive Duty for Iceland, and Value Added Taxes. This rollover also adds a new FTA of Korea-India FTA Concessive, affecting all the chapters.

Two reports were released stating new trade agreements were recently signed.