CLOTHING, TEXTILE SECTORS BENEFIT FROM SOUTH KOREA-USA TRADE DEAL
April 1st, 2007
BY KEITH NUTHALLAMERICAN clothing and textile manufacturers will be watching for any surge in South Korean exports to the USA, following the recent trade deal agreed between Washington and Seoul, and they can invoke a special safeguard, allowing tariffs to protect US production if imports of particular lines proliferate.Details of the agreement released by the US Trade Representative (USTR) office betray considerable caution about the impact on American producers of the deal's reciprocal duty-free access for most textile and clothing goods traded between the two ...
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