PAINT AND COATINGS SECTOR BENEFITS FROM EU-SOUTH KOREA 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 the paint and coatings sector in Europe and South Korea. Notably, upon ratification of the agreement, 6.5% duties on EU imports of South Korean-made paints and varnishes, (based on synthetic and chemically modified polymers), will be scrapped, as will 6.5% tariffs on prepared driers. Similarly, 6.5% duties charged by the South Koreans on EU exports of paints, varnishes, enamels and lacquers will be abolished upon ratification ...
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