Search Results for: Korean

BY PACIFICA GODDARD, ANCA GURZU, GAVIN BLAIR and KEITH NUTHALL

NEW technologies devour new resources and the move towards hybrid and electric vehicles could make some currently impoverished countries rich. As the world moves away from fossil fuels, the soft metal lithium will become increasingly in demand as a critical component of auto batteries for green cars.…

BY PAUL COCHRANE

THE VALUE of the Turkish tobacco market is projected to increase by 8% in 2009, up from Turkish Lira (TL)18.596 billion (Euro 8.4 billion) in 2008 to TL 20.160 billion (Euro 9.1 billion) on the back of industry price increases and a rise in excise tax in June, according to British American Tobacco (BAT).…

BY LEE ADENDORFF, WANG FANGQING, and ANCA GURZU

FOR consumers, sizing is easy – you know your size and you can tell if it has changed. But for knitwear manufacturers exporting internationally, sizing correctly for various regions can be a frustrating task.…

BY KEITH NUTHALL and KARRYN MILLER

THE AMERICAN and South Korean auto sectors are closely watching the outcome of informal talks between their governments over removing trade barriers within the 2007 US-South Korea Free Trade Agreement, which still requires ratification. The deal was negotiated by the old Bush administration, and is now being reviewed by Obama team, ahead of any renewed ratification push in the US Congress – with the auto sector being a key focus.…

BY KEITH NUTHALL

WITH the World Trade Organisation’s (WTO) Doha Development Round in the doldrums this year, the European Union (EU) has been focusing on bilateral trade deals and European confectionery producers will benefit.

The most important of recently struck agreements has been an EU-South Korea trade deal, which will create a virtual free trade zone between the signatories.…

BY RAGHAVENDRA VERMA and KEITH NUTHALL

COUNTRIES that start exporting cars to Britain usually have a tough time convincing consumers about the quality of their vehicles. Remember the Skoda and skip jokes? Well, no one makes those anymore. Korean cars used to have a reputation for being cheap rubbish.…

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 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 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 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.…