Quang Ninh (VNA), March 27 -- ASEAN member states and the Republic of Korea (RoK) have reached a consensus on the transposition of ASEAN-RoK Free Trade Agreement (AKFTA) Product Specific Rules from the Harmonised System Codes HS 2017 to HS 2022.

The agreement was reached at a three-day joint session of ASEAN and Korean experts, which wrapped up in the northern province of Quang Ninh on March 27.

This was an important conference towards the goal of converting nearly 7,000 tariff lines of the product specific rule (PSR) transposition list in the AKFTA from codes HS 2017 to HS 2022.

Min Ho Son, head of the RoK delegation, said that ensuring goods have a clear origin will help facilitate import and export and enjoy preferential tax rates....