Cleveland-Based Pipe Company Hosts Manufacturing Official

June 1, 2011
Visit highlights importance of National Export Initiative and pending Korea Free Trade Agreement

Pipe Line Development Co. executives hosted Commerce Department Deputy Assistant Secretary for Manufacturing Peter Perez for a factory tour and discussion about the National Export Initiative and the benefits of the pending Korea Trade Agreement. The initiative aims to double exports by the end of 2014 to support several million U.S. jobs.

The company, which has supplied pipeline repair fittings to gas and oil companies in Korea, currently faces tariffs of up to 8% on exports to the country. These tariffs would be eliminated immediately once the agreement goes into effect.

The agreement will help facilitate small- and medium-sized exports by eliminating tariffs, reducing non-tariff barriers, expanding Korea’s service markets, creating strong transparency obligations, promoting strong protection of intellectual property rights and improving customs administration.

Small- and medium-sized exporters accounted for 60% or more of all companies exporting to Korea in every goods sector in 2008. They accounted for at least $11.2 billion of total goods exports to Korea in 14 sectors.

Source: Felber and Felber

Sponsored Recommendations

Blower Package Integration

March 20, 2024
See how an integrated blower package can save you time, money, and energy, in a wastewater treatment system. With package integration, you have a completely integrated blower ...

Strut Comparison Chart

March 12, 2024
Conduit support systems are an integral part of construction infrastructure. Compare steel, aluminum and fiberglass strut support systems.

Energy Efficient System Design for WWTPs

Feb. 7, 2024
System splitting with adaptive control reduces electrical, maintenance, and initial investment costs.

Blower Isentropic Efficiency Explained

Feb. 7, 2024
Learn more about isentropic efficiency and specific performance as they relate to blowers.