Korea-U.S. FTA a boon to airline, textile industries
Nov 24, 2011
Increase in trade volume to boost air cargo revenue; removal of high tariffs on textiles to help raise market shareThe airline and shipping industries are among those expected to benefit the most from the free trade agreement between Korea and the United States due to an increase in two-way cargo shipments.The FTA will also be a boon to the Korean textile industry, mostly made up of small and medium-sized businesses, as the U.S. tariff on textiles, which goes up to 32 percent, will be removed. A