The proposed India-EU trade liberalisation pact will not benefit domestic automobile firms and runs counter to the government’s flagship programme ’Make in India, auto industry body SIAM has said.
Rules of origin for automobile parts have emerged as a key stumbling block in Japan-US auto trade talks held as part of efforts to conclude the Trans-Pacific Partnership trade pact, according to informed sources.
Top representatives from the German automobile industry met in Berlin to voice their support for TTIP. The controversial deal could save them billions of euros per year.
Union representatives at Germany’s largest carmakers including Daimler and Volkswagen warned auto bosses and politicians on Tuesday not to water down labour rights in negotiations for a transatlantic trade deal.
The EU’s case for the Transatlantic trade and Investment Partnership is mostly about cars but fails to take into account what the industry will look like ten years from now.
The Pakistan Automotive Manufacturers Association (PAMA) has urged the Pakistan government to put automobiles and auto parts in the negative list of the Free Trade Agreement (FTA) with Sri Lanka to safeguard Pakistani manufacturers against the entry of cheaper Indian products manufactured in Lanka.
A Japanese government source said US negotiators staged a "hostage-taking" by suddenly threatening not to lift tariffs on Japanese auto parts unless Tokyo met US demands on agriculture.
An Australian government keen to cement a free trade agreement with Europe will have to ditch the unpopular Luxury Car Tax first, currently bringing in $500 million per year, says an executive from Mercedes-Benz Australia.
Japan and the United States conclude talks on opening Japan’s auto sector as a part of the Trans-Pacific Partnership (TPP) free trade deal without major progress.
A union representing about 3,000 workers at the Chrysler Group in Brampton is saying a just-announced free trade agreement between Canada and South Korea poses a “serious threat” to the Canadian auto industry.
Prime Minister Stephen Harper departed Sunday for South Korea, widely expected to complete another long round of free-trade negotiations that his critics were denouncing as secretive and potentially bad for Canadian workers.
EU shows it’s keenness for TTIP by offering to lift nearly all tariffs on goods imported from the US.
A Canada-Korea trade deal looks like a winner for Canadian agribusiness, but the auto industry is making a last-ditch push to head off the agreement.
Canada and South Korea are moving closer to a long-delayed free trade deal amid stiff resistance from Canadian-based auto makers.
General Motors says it is likely that South Korea will end up making its cars for the Australian market under the coming free-trade agreement between Canberra and Seoul.
South Korea is likely to press India for an upgrade of the bilateral free trade pact when finance ministers of the two countries meet on Wednesday, arguing that its rival Japan was offered a better deal. However, India is unlikely to immediately revise the Comprehensive Economic Partnership Agreement (CEPA) signed in 2009, an official told ET.
The executive chairman of the company behind Australia’s top-selling cheese brand has warned that the Australian government’s support for the car industry is holding up a free-trade agreement with China.
U.S. Secretary of Commerce Penny Pritzker said Tuesday that U.S. automobile sales to South Korea have sharply grown since a bilateral free trade agreement (FTA) went into effect in March last year.
U.S. auto workers have started delivering to Washington petitions demanding trade concessions from Japan on the same day Japan formally announced it had joined in U.S.-led effort to create the multi-lateral Trans-Pacific Partnership (TPP), the largest free-trade agreement in history that would cover 40 percent of the global economy.
The Minister of Development, Industry and Foreign Commerce, Fernando Pimentel, suggested that Brazil could postpone the date the auto parts and automobile free trade agreement between Brazil and Argentina will become effective - the scheduled date is July.