Customs agency to ease rules on US crude routed through third countries
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Korea's customs agency said Tuesday it has simplified regulations to allow U.S. crude routed through third countries to remain eligible for benefits under the bilateral free trade agreement (FTA), in line with efforts to stabilize the supply amid tensions in the Middle East. The Korea Customs Service said the new rule, effective Tuesday, will ease procedures for importers to receive benefits under the bilateral FTA for U.S. crude imported to Korea after being transshipped through third countries
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