Free trade negotiations between South Korea and the European Union have hit a snag as both sides failed to make headway over auto-related technical standards, one of the stickiest issues in their trade talks.
If the Canadian federal government proceeds with a free trade agreement with Korea as promised, the impact on Canadian communities would be disastrous, according to a new study released by the CAW on October 23.
The Canadian Auto Workers has called on the three opposition parties in Ottawa to vote down any Canada-Korea free trade agreement in order to save Canadian jobs. CAW’s internal analysis predicts the trade deal would cost over 33,000 jobs.
"A free trade deal with Korea will take a bad situation and make it worse...The government should cancel these talks," said Canadian Auto Workers president Buzz Hargrove.
Interview with US Congressman Charles B. Rangel
India is likely to become an important sourcing hub for global auto maker Honda once the Indo-Asean free trade agreement (FTA) comes into operation
Free-trade agreements can create new opportunities for consumers and exporters, but making them law isn’t always easy.
South Korea and the European Union are struggling to narrow differences on tariffs and safety regulations on automobile trade as they try to forge an ambitious free trade agreement, a top South Korean negotiator said Tuesday.
Tens of thousands of unionized metalworkers were poised to stage a strike Thursday for a fourth consecutive day to oppose a proposed free trade deal between South Korea and the United States.
Workers at South Korea’s top automaker Hyundai Motor launched a partial strike on Thursday to join an industry-wide walkout in protest at a free trade agreement with the United States.
The American auto industry and lawmakers representing the auto sector have made “nonnegotiable” complains about the Korea-U.S. Free Trade Agreement (KORUS FTA). They have showed disagreements over a wide range of FTA provisions, indicating a bumpy road ahead to be ratified.
Sen. Hillary Rodham Clinton, the Democratic front-runner in the presidential race, said on Saturday she would oppose ratification of a free trade pact with South Korea because it would harm the US auto industry, among other things.
A top U.S. trade negotiator on Tuesday disputed American auto industry criticism of a free trade agreement (FTA) with South Korea, saying it was a "myth" to believe the pact works against carmakers.
The local automotive market hasn’t benefited in the 3 months of the since the Dr-Cafta trade pact took effect, said the ex-president of Acofave, which groups the auto maker’s representatives.
American automotive giant Chrysler Group expressed opposition Tuesday to a proposed South Korea-U.S. free trade agreement (FTA), saying the accord fails to motivate the Asian nation enough to open its market to American-made cars.
Trade Minister David Emerson says he’s speeding ahead with free-trade talks with South Korea despite objections from the auto sector, and expects to sign a deal this year.
Wary North American automakers and their unions are warning the Canadian government not to be tempted by a recently concluded South Korea-US free trade pact into a similar deal.
Automakers yesterday said they were hopeful a free trade agreement between South Korea and the US will prove a boon to their industry, but added they were taking a cautious approach until the deal gets final approval.
For the past few years, the backers and denouncers of a free trade accord between Korea and the United States have feuded like the Montagues and Capulets. Not surprisingly, the two camps are still polarized on whether the trade pact bringing together the world’s largest and 10th largest economies is destined to be a happy marriage or Shakespearean tragedy.
In a major development, Colombo has agreed to work out permanent solution to Islamabad’s fears over the import of auto parts keeping in view the likely investment by India in Sri Lanka, a government official told The News.