Under pressure

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Under pressure


Local consumers are expected to see an influx of cheap imports from the world’s largest economy next year as the National Assembly approved the long-pending FTA between Seoul and Washington on Tuesday. Market experts say wine prices will fall by around 10 percent when the 15 percent tariff is lifted, putting local market players under pressure. Particularly vulnerable are the alcoholic beverage, pharmaceuticals, food and agriculture industries. [NEWSIS]

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