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S. Korea demand US to open textile and apparel market

S. Korea demand US to open textile and apparel market

Write: Harman [2011-05-20]

In early December, The United States and South Korea will hold the fifth round of government-level consultation on their free trade agreement between the two countries. Currently, they have encountered two problems: First, the United States ask South Korea to fully open up their markets to U.S. beef products. Second, South Korea urge the United States to fully open up their apparel and fibre products markets.
On December 3, the Federation of Korean Fibre Industry, American Apparel & Footwear Association and American Fibre Apparel Association issued a joint statement, demanding that United States to withdraw Korean fiber products and clothing import tariffs, that is to say, the United States should make concessions in the article.
South Korean fibre clothing industry consider that after the above act, then Korean products could compete with products from China, Vietnam, India and other countries in the United States market.