New Relationship Formed with Increase of South Korean FTAs
Recently, South Korea has taken an aggressive approach to forming free trade agreements (FTA) with countries around the world. To help companies trading best utilize these FTAs, Integration Point, Inc. has formed a strategic relationship with Samjong KPMG Advisory, Inc., solidifying both companies as the leading providers of free trade agreements for the South Korean market.
South Korea currently has 14 FTAs either signed, in process or under joint study. In the next 10 years, South Korea is expected to sign free trade agreements with more than 60 countries, making South Korea a true “hub” of FTA activity.
The Integration Point – Samjong KPMG Advisory relationship will provide unmatched capabilities to companies looking to leverage FTA benefits, as well as automating compliance of existing FTAs such as
- Korea – India
- Korea – EU
- Korea – ASEAN
- Future FTAs being negotiated (such as Korea – US)
Integration Point Free Trade Agreement Management software automates the process of soliciting suppliers and determining product eligibility based on free trade agreement, preferential agreement and preference programs around the world. Integration Point Free Trade Agreement Management software will also generate certificates of origin for customs agencies based on eligibility criteria, analyze Bills of Materials against multiple FTAs and access up-to-date global FTA rules in an on-demand environment. For more information on Integration Point FTA Management, visit the Integration Point website.
