Korea, China sign garlic agreement

The garlic trade dispute between Korea and China has now been resolved, with the two nations officially signing an agreement on the 31st. Consequently, the import restrictions imposed on Korean polyethylene and cellular phones will be lifted by Chinese authorities on the 2nd.

A government official revealed that the approval process for the final agreement, signed in interim on the 15th, was concluded today. Consequently, the removal of import restrictions on Korean polyethylene and cellular phones together with the low tariff (30%) and import quota (20,000 tons) on Chinese garlic will go into effect on the 2nd. China had implemented measures to restrict imports of Korean polyethylene and cellular phones after the Korean government sharply raised tariffs on Chinese garlic on July 7.