Advertisement
YOU ARE HERE: LAT HomeCollectionsSouth Korea Trade Europe
IN THE NEWS

South Korea Trade Europe

FEATURED ARTICLES
BUSINESS
April 20, 1992 | From Times Staff and Wire Reports
Tax on Imported Whiskey to Be Cut: The government said it will lower the 150% tax on imported whiskey to avoid trade friction with the European Community. The EC had threatened to take the case to the General Agreement on Tariffs and Trade, charging unfair trade practices. Finance Minister Lee Yong-man declined to specify how much the tariff will drop. Seoul has proposed lowering the rate to 120%, but the EC has demanded a more drastic cut.
ARTICLES BY DATE
BUSINESS
April 20, 1992 | From Times Staff and Wire Reports
Tax on Imported Whiskey to Be Cut: The government said it will lower the 150% tax on imported whiskey to avoid trade friction with the European Community. The EC had threatened to take the case to the General Agreement on Tariffs and Trade, charging unfair trade practices. Finance Minister Lee Yong-man declined to specify how much the tariff will drop. Seoul has proposed lowering the rate to 120%, but the EC has demanded a more drastic cut.
Los Angeles Times Articles
|