Seoul, March 20 (IANS) The Ministry of Trade, Industry and Resources launched on Friday a joint task force with private industries to coordinate responses to the United States’ trade investigations into South Korea over structural excess capacity and forced labour, officials said.Earlier this month, the office of the U.S. Trade Representative (USTR) launched consecutive trade inquiries into South Korea and other major economies to uncover what it calls “unfair” trade practices related to structu…
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Washington, March 7 (IANS) A US government agency is working on a new system to simplify the tariff refund process that could be ready in 45 days, a report said, as many companies seek refunds of the Trump administration’s emergency duties that the Supreme Court struck down last month.Brandon Lord, executive director of U.S. Customs and Border Protection (CBP)’s trade policy and programs directorate, unveiled the work on a streamlined process requiring “minimal submission” from importers, in a f…