February 25, 2008

Aircraft and related equipment accounted for 9.4 percent of total U.S industrial exports to Korea in 2006, totaling $2.85 billion. The top U.S. exports in this sector included turbojets, aircraft parts, and helicopters. Korean tariffs range between zero and eight percent, with an average of 3.7 percent. Ninety-three percent of U.S. aircraft and related equipment exports will receive duty-free treatment immediately upon implementation of the Agreement.

Source: Prepared by the International Trade Administration