Jens Kastner explains how a China-South Korea trade pact will give an additional boost to ‘K-cosmetics’ in the Chinese market
The South Korean cosmetics sector is hoping that a new bilateral free trade agreement (FTA) struck between its country and China in November will ease sales of its products into the world’s largest market. This is despite the fact that the deal did not make much headway in reducing Chinese duties, given the FTA leaves cosmetics in a ‘hyper-sensitive goods’ category for Beijing.. . .
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