The US is likely to push for the exclusion of its automobile industry from the ongoing negotiations on a proposed free trade agreement (FTA) with South Korea, trade sources said.
The militant Filipino labor group Kilusang Mayo Uno (KMU) said it fears more retrenchments and lower wages with the impending liberalization of the country’s automotive and steel sectors under the recently signed Japan-Philippines Economic Partnership Agreement (JPEPA).
South Korea and the United States ended a third round of free trade talks on Saturday, acknowledging that they failed to make "practical progress" in certain "sensitive areas" such as automobiles, agricultural products and pharmaceuticals.
For Gloria Macapagal-Arroyo, the future of the Filipino people has a very cheap price. So cheap that she has opted to sell it to Japan by further opening up the local economy in exchange for the annual deployment of 400-500 caregivers and nurses to Japan.
The Ontario government is demanding that Ottawa exclude the auto sector from free trade talks with Korea because of potential harm to the industry.
Japan has agreed with the Philippines to set an upper limit on the number of Philippine nurses and caregivers — 400 to 500 annually — it will accept under a bilateral free trade agreement which is scheduled to be signed by leaders of the two countries on Sept. 9, government sources said Thursday.
Two months after voting for its release, opposition MPs are still waiting for an Industry Canada study outlining the impacts a proposed free trade agreement with the Asian nation would have on Canada’s car manufacturing and ship-building industries.
Indonesia plans to exempt duty on several automotive parts imported from Japan to support local industries as both countries are moving closer to sign the Economic Partnership Agreement (EPA), an official said Thursday.
Two US senators proposed a bill demanding the United States retain the existing import tariff on South Korean automobiles regardless of a future trade agreement as a way to pry open the Asian trade partner’s market.
Free trade negotiations between China and Australia are sensitive for both countries, Foreign Minister Alexander Downer said amid reports the cabinet is split over whether to abandon tariffs protecting Australia’s clothing and motor vehicle industries.
Thailand’s benefits from bilateral free trade agreements (FTAs) may not be worth the cost, according to an academic.
More Korean automobiles and more Korean auto parts will roll into the United States if South Korea and the US reach a free trade agreement, government officials and auto industry sources said Thursday.
Rising fuel prices and unprecedented competition among automakers have resulted in some distinct trends that are sweeping the global markets. The most noticeable among them are a growing preference toward smaller cars and the shifting of manufacturing bases to Asia.
The crisis in the automotive components sector will continue to worsen as long as the Federal Government permits unfair international competition and refuses to implement a strategic industry policy.
Kitchener joined a growing list of Canadian municipalities worried about the impact a proposed free-trade agreement with South Korea will have on the crucial automotive sector of southwestern Ontario’s economy.
’Right now, the President and Congress are discussing a free trade agreement with Korea. This potential trade agreement is an opportunity to demand some reciprocity, including full and unimpeded access for US made vehicles to the Korean market. Anything less will not be worthy of our support.’
Kitchener joined a growing list of municipalities worried about the impact a proposed free-trade agreement with South Korea will have on the crucial automotive sector of southwestern Ontario’s economy.
The Canadian Auto Workers union will strongly
oppose the proposed free trade agreement between Canada and South Korea in a
presentation this afternoon to the House of Commons Standing Committee on International Trade.
Opening up trade in autos poses a major challenge in free-trade agreement (FTA) negotiations with South Korea and Malaysia, experts in the United States say.
Trade negotiators are riding roughshod over the interests of Canada’s auto industry as they hurry to seal a free trade deal with South Korea, the president of DaimlerChrysler Canada Inc. said Tuesday.