Historically, countries were free to estimate the value of an imported product at customs. Following the creation of the WTO, the member countries of the Organization agreed upon six methods for establishing a uniform valuation system.
Free trade agreements between two countries not only create better business expectations for large companies but also offer numerous benefits for developing and strengthening exporting SMEs.
Several countries in Latin America have Free Trade Agreements (FTAs) in place with South Korea, presenting great opportunities for producers in the region. Discover which are these countries and the advantages that FTAs have to offer.
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