Search Results for: Korean

BY KEITH NUTHALL

THE EUROPEAN Commission has unveiled details of how the new South Korean-European Union (EU) trade agreement will benefit the garden trade sector in Europe. Notably, upon ratification of the agreement, duties on EU imports of South Korean orchids will disappear: they are currently 9.6%, as are duties for hyacinths, narcissi and tulips imported from that country.…

BY KEITH NUTHALL

THE DRINKS industry could benefit strongly from a new South Korea-European Union (EU) trade agreement, the European Commission has revealed. Releasing details of this comprehensive deal, Brussels has shown how duties on a wide range of drinks products traded between the parties will vanish upon ratification of the agreement.…

BY KEITH NUTHALL

TIME was when video games were simple pastimes, basic computer fun with classics such as ‘Space Invaders’ and ‘Asteroids’. But that is ‘so 1980s’. In the 21st century, the games of choice are interactive and involve spending money – the name is massively multiplayer online games (MMOG).…

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 card, including paper and card sacks and bags made in South Korea, are already imported into the EU duty free, but that is not the case for other packaging materials.…

BY KARRYN MILLER

TAKE a stroll through any of South Korea’s Lotte department stores on the weekend and you could be mistaken that the recession has ended. It is here you’ll see droves of affluent consumers inspecting the latest in luxury fashion before snapping it off the shelves.…

BY KEITH NUTHALL

THE EUROPEAN Automobile Manufacturers Association (EMEA) estimates the cost of importing cars from South Korea could fall by as much as Euro 1,000 per vehicle – maybe more – following a European Union (EU)-South Korea free trade agreement, initialled on Thursday (15-10).…

BY KEITH NUTHALL

THE EUROPEAN Commission has unveiled details of how the new South Korean-European Union (EU) trade agreement will benefit the textile and clothing dying and finishing trade sector in Europe and South Korea. Notably, upon ratification of the agreement, duties on EU imports of South Korean-made acid, basic and reactive dyes will be scrapped – they are currently 6.5%.…

BY KEITH NUTHALL

THE EUROPEAN Commission has unveiled details of how the new South Korean-European Union (EU) trade agreement will benefit pharmaceutical manufacturers.

The deal will essentially make pharmaceutical trades between the two parties duty free – as many medicines are already traded between the EU-South Korea without tariffs.…

BY KEITH NUTHALL

THE EUROPEAN Commission has unveiled details of how the new South Korean-European Union (EU) trade agreement will benefit the plastics sector in Europe and South Korea. Upon ratification of the agreement, duties on EU imports of most plastics products will disappear.…

BY KEITH NUTHALL

THE EUROPEAN Automobile Manufacturers Association (EMEA) has condemned a European Union (EU)-South Korea free trade agreement, initialed today (15-10), for giving Korean automakers an unfair advantage in EU markets.

At the heart of ACEA’s concern is a "duty drawback" provision allowing South Korean manufacturers to reclaim duties paid on imported car parts and components from low-cost neighbouring countries such as China, while benefiting from the scrapping of EU customs duties for assmbled vehicles.…