Swim bananas: Korea-Philippines FTA to eliminate tariffs
Published: 31 Dec. 2024, 18:12
Updated: 31 Dec. 2024, 19:22
![A shopper checks out bananas at a large discount store in Seoul on Dec. 31. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/12/31/8342648c-ea68-4178-8ab6-e703c5261e9b.jpg)
A shopper checks out bananas at a large discount store in Seoul on Dec. 31. [YONHAP]
A shopper checks out bananas at a large discount store in Seoul on Dec. 31.
With a Korea-Philippines FTA taking effect on Dec. 31, banana tariffs will drop 6 percent every year from the current 30 percent to disappear entirely in five years. The Southeast Asian country is the primary source of Korea’s bananas.
with the Korea JoongAng Daily
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