On 29 September, NZ’s Ambassador to South Korea hosted a reception dinner at her residence with DINZ CEO to celebrate the success of the FTA to date. Exports of dried velvet for the first six months of this year to South Korea was more than double compared to previous years.
While much of this can be attributed to the Free Trade Agreement, the removal of the excise tax from velvet, along with the new Country of Origin trial has also assisted in this positive trade data.There were around 45 attendees that represented NZ processors, Korean importers, marketers, Oriental medicine doctors and the Association of Korean Oriental Medicine.
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