FTA between U.S. and South Korea Has Little Effect on Taiwan Fastener Industry at Initial Stage | Fastener World Inc. |#fasteners Taiwan S.Korea

Article by · 2011/10/26 ·

2011-10-19 Class:Fastener
The United States has signed the Free Trade Agreements (FTAs) with South Korea, Colombia and Panama. Among which, the FTA with South Korea as the world’s 15th largest economy is the most influential. 95% of the U.S. industrial and consumer goods sales to Korean will obtain tariff reduction. It has been estimated that export value of South Korea will increase by US$12 billion per year. South Korea will immediately remove the import tariff of cars and trucks to the US, while […]

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