SOUTH KOREA: FKI and KCCI to share cost of Chinese garlic imports
Major business organisations The Federation of Korean Industries (FKI) and the Korean Chamber of Commerce and Industry (KCCI) have agreed to share the 600m won (US$458,000) cost of importing 10,300 tons of garlic from China. The agreement has been heralded as the end to months of complicated trade disputes between South Korea and its much larger neighbour, sparked off when the Korean government imposed import tariffs on Chinese garlic last summer, but have yet to receive final confirmation because of indecision at the Ministry of Agriculture and Forestry.
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