Turkish steel industry can compete with South Korea
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Monday, 06 Aug 2012
Mr Zafer Caglayan economic minister of Turkey and his South Korean counterpart Mr Taeho Bark signed a free trade agreement between the 2 countries on August 1st 2012.
Accordingly, Turkey will remove customs duty for South Korea in iron and steel, automotive, electronic appliances and textile products within seven years. In return, South Korea will remove customs duty for Turkey in iron and steel, textiles and ready to wear clothing immediately once the agreement is in effect, while the customs duty in automotive will be removed within 5 years.
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