CBP Posts FAQs on KORUS, Address Rules of Origin, Regional Value Content and MPF Exemption

CBP posted a list of frequently asked questions on the U.S.-Korea Free Trade Agreement (KORUS), which took effect for qualifying goods entered or withdrawn from warehouse for consumption on March 15. The provides insight on KFTA rules of origin, regional value content the merchandise processing fee exemption, among other things.

(See ITT's Online Archives 12031323 for summary of CBP's KORUS instructions.)