South Korea axes Australian navel orange tariffs
South Korea has decreased the tariffs on Australian navel oranges to zero per cent this year.
Navel oranges have been difficult to find at the nation’s big discount retailers because May marks the end of the season for that type of orange in the US.
Navel oranges from Australia are usually harvested in the latter part of the year, from July to September. In 2014, the Korea-Australia Free Trade Agreement was put into effect applying tariffs on Australian navel oranges at 50 per cent. Over the years, it has progressively decreased to now reach zero.