Automotive, plastics producers praise Korean trade pact


Resin manufacturers and the automotive industry have hailed the new U.S.-Korea free trade agreement, which the White House forecasts will increase annual exports of American goods by up to $11 billion and support at least 70,000 American jobs.

Dow Chemical Co. (Midland, MI) said the agreement will reduce tariffs on its U.S.-manufactured exports to by more than $1 million. The deal will also provide more than $6.5 million per year in duty reductions for Dow's Korean customers, according to Wan-Je Kim, Dow's country manager in Korea. Dow's president, Andrew Liveris, chairs the global competitiveness subcommittee of the President's Export Council (PEC), which pushed for the agreement....
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