KNITWEAR INDUSTRY TO BENEFIT FROM EU-SOUTH KOREA TRADE DEAL
October 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Commission has unveiled details of how the new South Korean-European Union (EU) trade agreement will benefit knitwear manufacturers and retailers in Europe and South Korea. Upon ratification of the agreement, duties on EU imports of most clothing products from this key trading partner will disappear. They are currently mostly between 5.3% and 12%, with a significant majority of lines attracting 12% tariffs, including many knitted and crocheted products - from overcoats to suits and shirts and many others. EU duties on imports from ...
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