Ford Motor Co. on Wednesday was the first automaker to voice displeasure after the European Union announced it wants to start free-trade negotiations with Japan.
The European Commission will next Wednesday (18 July) ask member states for a mandate to start talks with Japan on a bilateral free-trade deal.
South Korea’s biggest car maker, Hyundai Motor Co, decided to boost its European presence five years ago, adding a family sedan and a sporty-looking crossover SUV to its smaller hatchbacks.
There is barely a corner of the world where the negotiators from the European Union - the largest trading bloc - are not trying to deepen trade ties, and talks with 80 countries are under way, from Canada to Cape Verde.
Republican presidential candidate Mitt Romney doesn’t support including Japan in free-trade talks, a spokeswoman said Thursday.
Korea’s auto trade group refuted Wednesday European carmakers’ allegation that the free trade agreement between Korea and the European Union solely contributed to a sharp rise in Korean car sales in Europe.
Automobile industry body SIAM today cautioned that the sector will miss targets of the Automotive Mission Plan 2006-16 if it is included in the proposed free-trade agreement with the European Union for allowing imports of vehicles at lower duties.
The European boss of Ford Motor, the continent’s fourth-ranked carmaker by sales, has complained about “significant imbalance” in trade in cars under a free trade agreement with South Korea that took effect last year.
Japan should be required to reduce the size of its auto industry before being allowed into regional free trade talks with the United States and eight other countries in the Asia Pacific, a top Ford Motor Co official said.
Chrysler-Fiat CEO Sergio Marchionne told lawmakers Wednesday he is skeptical of the benefits of some free-trade agreements, and urged caution about proceeding with some new agreements.
India is a brave new world for Canada’s auto-parts makers, who set out last month to test the largely untested waters.
Japan is set to propose a working-level forum for auto trade issues with the United States to speed up its efforts to join negotiations on a trans-Pacific trade framework, sources said Saturday.
Europe’s carmakers are crying foul over a proposed free-trade agreement between the European Union and India, which they say would restrict access to one of the most important but highly protected markets.
General Motors, Hyundai and Suzuki are against the reduction in import duty on European cars proposed under the India-EU free trade agreement
A council representing the Big 3 U.S. automakers has declared that it opposes Japan joining negotiations on the Trans-Pacific Partnership free trade agreement at this time, saying Japan’s auto market is not receptive to imports.
Even as the negotiations for the impending India- European Union (EU) free trade agreement (FTA) seem to have entered the last stage, heavy industries minister Praful Patel has written to Prime Minister Manmohan Singh expressing concerns on the adverse impact of such a move on the domestic industry.
The Canadian units of the Japanese auto makers are spearheading an effort to persuade Ottawa to begin negotiations with Japan on a bilateral free-trade agreement amid a new, more liberal attitude the Asian nation is taking toward such deals.
South Korea’s car exports to the European Union (EU) surged 40.1 percent on-year in the first 10 months of 2011, fueled by the bilateral free trade pact, a local industry association said Tuesday.
Following the expected Most Favoured Nation (MFN) status to India by Pakistan, PAAPAM says both the countries should allow transfer of technology through joint ventures and technical assistance agreements, making the regional industry competitive, say auto industry experts while talking to journalists here on Monday.
The local automotive industry has asked the government to remind Japan of its commitment to bring in fresh investments into the Philippines under the Japan-Philippines Economic Partnership Agreement.