China-South Korea Free Trade Agreement simplifies logistics procedures and freight savings will be 70%

Abstract In the China-South Korea Free Trade Agreement, the South Korean government has formulated the “48-hour customs clearance” principle. The Korean government plans to build an offshore distribution customs clearance system from Incheon to Qingdao to reduce the cost and time of logistics and distribution. Take EMS as an example, send 1 kilogram of business to China...
In the China-South Korea Free Trade Agreement, the South Korean government has formulated the "48-hour customs clearance" principle. The Korean government plans to build an offshore distribution customs clearance system from Incheon to Qingdao to reduce the cost and time of logistics and distribution. Taking EMS as an example, the shipping cost of sending 1 kilogram of goods to China is 15,000 won, while the freight rate of cross-border e-commerce is 4,800 won, only about 30% of EMS.

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