Friday, December 28, 2007

Korea to remove tariffs on naphtha under EFTA Oil Product Imports

South Korea's Ministry of Finance and Economy will remove tariffs imposed on 16 petroleum products, including naphtha, imported from European Free Trade Association starting Jan 1, 2008. EFTA's members are Iceland, Liechtenstein, Norway and Switzerland. Korea had not imported any of the listed 16 petroleum products from EFTA in 2005.

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