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The Antwerp World Diamond Centre (AWDC) has said bilateral trade between Belgium and Korea is poised for further growth if the latter's 5 percent tax on diamond imports is removed.
Representatives of the AWDC joined Belgium’s state visit to South Korea from March 24 to 28.
“The visit served as an opportunity to raise at the political level the issue of the 5 percent import tax on diamonds from Antwerp. Eliminating this tax would have a very positive influence on Antwerp-Korea trade,” AWDC said in a statement. “As it now stands, Antwerp is at a competitive disadvantage compared to other trade centres that...
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