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 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.…

BY KARRYN MILLER, KEITH NUTHALL and ALAN OSBORN

DESPITE following the global trend of increasing anti-smoking campaigns and placing stronger warning labels on cigarette packets, tobacco sales in South Korea are not declining. In fact, the industry has seen a slow but steady rise in total sales over the last few years.…

BY KEITH NUTHALL

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

Many duties charged on essential oils imported into the EU from South Korea will disappear – for instance on citrus fruits (7% not deterpenated; 4.4% deterpenated); clove, niaouli and ylang-ylang (not detepenated) 2.9%; and others.…

BY KEITH NUTHALL

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

BY KEITH NUTHALL

THE EUROPEAN plant sector could benefit significantly from a new South Korea-European Union (EU) trade agreement, the European Commission has revealed. Duties on construction equipment made in South Korea and exported to the EU will vanish upon ratification of the agreement.…

BY KEITH NUTHALL

THE EUROPEAN Commission has unveiled details of how a new South Korean-European Union (EU) trade agreement will benefit the nuclear energy sector in Europe and South Korea – boosting trade in equipment and fuel inputs. Notably, upon ratification of the agreement, 5.7% duties on EU imports of South Korean nuclear reactors will disappear, as will 3.7% tariffs on machinery and apparatus for isotopic separation, (and parts); fuel elements and nuclear reactor parts; and 2.7% duties on a wide range of water boilers that could be fitted into EU nuclear power plants.…

BY KEITH NUTHALL

THE PERSONAL care product sector should prosper from a new India and South Korea trade deal. It reduces import duties on exports from both countries of cosmetics, scents, personal soaps and chemical ingredients. Assuming it is ratified, South Korea has promised to phase-out duties over five years on Indian exports of most cosmetics, shampoos, hair creams perfumes and toilet waters; erasing them upon ratification for eye make-up, lipstick, hair lacquers and rinses.…

BY ANDREW SALMON

AFTER passing the fortress-like medieval gate of Namdaemun, visitors enter central Seoul’s traditional shopping quarter: a jumbled maze of stalls and alleyways. A 15-minute walk through the raucous bustle of this 600-year old market, leads to its modern equivalent: The neon-lit, pedestrianised square mile of Myeong Dong.…

BY KEITH NUTHALL

THE OIL and gas sector should prosper from a new India and South Korea trade deal. It confirms various market access commitments, such as supplying oil pipelines and employing South Korean or Indian oil engineers. It also reduces mutual duties for petroleum oils, LNG, biofuel feedstocks such as palm oil, vegetable oil, and other industry products.…

BY RAGHAVENDRA VERMA

A CENTURY-OLD, India’s first steel plant set up by the industrial group of Tata in the eastern town of Jamshedpur (Jharkhand) is not only the leading supplier of high quality steel to the country’s auto industry, it is expanding.…