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Global Trade Alert

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Republic of Korea: Launch of textile and fashion industry competitiveness strategy, including KRW 2.9 trillion state aid to apparel companies

Description

On 13 August 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced a new Textile and Fashion Industry Competitiveness Strategy. Among other measures, the government will prov...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

13 Aug 2024

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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