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Article: KITA URGES KOREAN GOVT TO BE CAUTIOUS IN CHANGING ECONOMIC POLICIES.
- Article from:
- AsiaPulse News
- Article date:
- April 10, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, April 10 Asia Pulse - The government should be cautious in changing its macroeconomic policy from "boost" to "neutral" because it would affect exporters who are not yet in a position to benefit from favorable trade conditions abroad, the Korea International Trade Association (KITA) said Wednesday.
The association contacted some 279 export firms and pointed out, in a report on the government's economic policy switch, that mid-sized export firms have yet to feel the favorable trade conditions overseas, unlike large exporters.
It said around 68.6 per cent of some 40 exporters, whose annual exports exceed US$100 million, said their export shipments ...