A pending free trade agreement between the US and South Korea came under fire Wednesday, with a US senator and auto industry officials saying the deal would exacerbate the imbalance in auto trade between the countries and that the Korean government can’t be trusted to honor the deal.
The Bracks review of the car industry is expected to urge the Federal Government to take a stronger line in negotiating free trade agreements after the review’s hearings became a flashpoint for dissent over the Thai free trade agreement (FTA).
The Rudd Government had to be more demanding than its predecessor when negotiating the automotive elements of free trade agreements, according to a leading car industry spokesman.
The European Union’s top negotiator in free trade talks with South Korea said Korea was proposing measures that would hurt European car exporters, possibly undermining the chances of a deal.
Canadian Finance Minister Jim Flaherty said his country and South Korea aren’t close to a free-trade agreement because the Asian nation hasn’t pledged adequate access to its market.
Ford may redirect future investment away from Canada if Ottawa concludes a free-trade deal with South Korea that doesn’t open up that country to auto imports, the company’s top Canadian executive said yesterday.
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.