If the Koreans were to take full advantage of these dispensations, they could undercut European rivals that do have to pay duty on foreign parts by up to 4.5%.

若是韩国能充分利用这些安排，欧洲竞争者需为外国汽车配件支付的税率将上升到4.5%，相比之下欧洲方面情况明显处于劣势。

youdao

In a bid to offset the impact of sterling's rise and remain competitive with duty-free shops abroad, Heathrow's shops are offering travellers who pay in various foreign currencies a more favourable exchange rate than the current market rate.

ECONOMIST: Midsummer madness