Arab Today, arab today auto electronics sectors to bask in fta with peru
Last Updated : GMT 17:20:02
Arab Today, arab today
Arab Today, arab today

Auto, electronics sectors to bask in FTA with Peru

Arab Today, arab today

Arab Today, arab today Auto, electronics sectors to bask in FTA with Peru

Seoul - Yonhap

South Korean automobile, electronics and pharmaceutical industries are expected to post strong exports following the implementation of the country\'s free trade agreement (FTA) with Peru, a report showed Sunday. The FTA between South Korea and Peru, signed in March this year, is scheduled to take effect on Monday. The free trade deal calls for both countries to eliminate all tariffs within 10 years. According to the report by the Korea International Trade Association (KITA), South Korean makers of cars, electronics products and medicines are likely to benefit most from the free trade deal. \"Exports of such products are likely to increase considerably over the short term since the deal calls for tariffs on those goods to be eliminated immediately or within five years,\" the report said. Currently, import tariffs of 9 percent are imposed on cars, and electronics products are subject to import duties of up to 17 percent. Under the FTA with Peru, tariffs on South Korean automobiles with engine displacements of less than 3,000 cubic centimeters will be scrapped in five years. The report also said the FTA will likely help South Korean companies accelerate their inroads into Peru in light of the South American country\'s rapid economic growth. \"The Peruvian economy has been growing at an annual average rate of 7.2 percent for the past five years, the highest among South American economies,\" a KITA official said. \"South Korean exports to Peru are likely to grow steadily down the road.\" Peru is the second South American country with which South Korea has sealed an FTA. In April 2003, South Korea signed a free trade deal with Chile. Trade between South Korea and Peru reached US$1.98 billion in 2010 with South Korea\'s exports to the South American country reaching $944 million. South Korea mainly imports resources such as zinc and iron and exports such goods as cars and petrochemicals.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today auto electronics sectors to bask in fta with peru Arab Today, arab today auto electronics sectors to bask in fta with peru

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today auto electronics sectors to bask in fta with peru Arab Today, arab today auto electronics sectors to bask in fta with peru

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday