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 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

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 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.…

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 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 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.…

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 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 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.…