EUROPEAN PACKAGERS CAN SOURCE CHEAPER MATERIALS AND EQUIPMENT FROM SOUTH KOREA AFTER TRADE DEAL
October 1st, 2009
BY KEITH NUTHALL
EUROPEAN packagers and converters will be able to source materials and equipment more cheaply from South Korea in future because of a new free trade agreement negotiated with its government by the European Union (EU).
The deal scraps import duties levied by the EU (and South Korea) on many products and materials traded between them, and should, claims Brussels, stimulate commerce: "The agreement will create substantial new trade in goods and services (up to EUR 19 billion for EU exporters, according to one study)..."
Most paper and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.