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South Korean car exports to US falling despite KORUS FTA
28-May-2018 Business Korea
The Korea Institute for Industrial Economics & Trade (KIET) said in its report that the KORUS FTA is rapidly losing its positive effects in terms of South Korea’s car exports to the United States.
Trump threatens allies with new tariffs, sowing global confusion
24-May-2018 Bloomberg
Some industry observers saw this latest move as a US tactic to pressure Mexico and Canada to move quickly to agree to an overhaul of the North American Free Trade Agreement.
NAFTA math may not add up to more US auto jobs
14-May-2018 Reuters
Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.
Mexico offers Nafta compromise on car content, wages
9-May-2018 Bloomberg
Mexico is opening the door to compromise on the key Nafta issue of auto manufacturing, though it’s unclear if the flexibility is enough to reach a deal with the US and Canada.
US wants 4-year phase-in for higher NAFTA auto content thresholds
2-May-2018 Reuters
The latest US proposal for increasing NAFTA’s regional automotive content would carry a four-year phase-in to meet a higher, 75 percent regional value threshold and new labor content rules requiring substantial work at wages of $16 an hour or higher.
EU, Mercosur end trade round with little progress, more blaming - Beef volumes ’agreed’
30-Apr-2018 Independent.ie
The European Union and Latin American bloc Mercosur have made some progress on how to open their markets to cars, but ended free trade talks in Brussels with finger-pointing about who was holding up a deal.
NAFTA officials put top-level talks on hold until May 7 to consult with industry
30-Apr-2018 Reuters
Negotiators trying to hammer out a quick NAFTA deal said they will take a break until May 7, allowing time for consultations with the auto industry in Mexico.
Canada hails progress on crucial autos file at NAFTA talks
20-Apr-2018 Reuters
Canadian, Mexican and U.S. ministers seeking to revamp the North American Free Trade Agreement (NAFTA) have made good progress on the key question of autos, Canadian Foreign Minister said.
FTA revision lets US bypass Korean regulations
11-Apr-2018 Korea Joongang Daily
After Korea and the United States agreed “in principle” to revise the free trade agreement between the two countries, negotiators from Korea received a great deal of praise for managing to land a deal without giving up too much.
Trump said to soften key NAFTA demand on regional car content, but target may still be hard to reach
6-Apr-2018 Financial Post
The US proposal would distinguish between different NAFTA car parts by grouping them into five categories, some of which would have a lower requirement for North American content or none at all
Japan may be forced into bilateral trade deal with US: ex-IMF exec
2-Apr-2018 Japan Today
Japan will have little choice but to enter into a bilateral trade deal with the United States similar to one President Donald Trump clinched with South Korea, a former top Japanese currency diplomat said.
Higher auto wages the centrepiece of major US NAFTA proposal
30-Mar-2018 BNN
Mexican workers’ wages are at the heart of a major proposal from the United States aimed at breaking through an impasse on automobiles and securing a new North American Free Trade Agreement.
South Korea carmakers want level playing field after FTA revision
26-Mar-2018 Yonhap News Agency
South Korean carmakers on Monday called on the government to create a level playing field by easing regulations for them as well after the current trade pact between Seoul and Washington was tentatively revised in favor of US carmakers.
SKorea to open auto market wider to US in revised trade deal
26-Mar-2018 Sacramento Bee
South Korea has agreed to further open its auto market to the United States as the two countries prepare to amend their six-year-old trade agreement.
US drops auto-content proposal in NAFTA talks: The Globe and Mail
21-Mar-2018 Reuters
The US government has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50 percent US content.
Europeans say significant obstacles remain to Mercosur trade deal
21-Mar-2018 Reuters
An EU diplomat said Mercosur resistance to European proposals on automobile exports and geographic product indicators were also sticking points.
South Korea, US to hold third round of FTA talks this week
14-Mar-2018 Yonhap News Agency
South Korea and the United States will hold the third round of talks on amending the free trade agreement (FTA) between the two nations in Washington this week, Seoul’s trade ministry said on Wednesday.
NAFTA talks on autos eyed for next week: Mexico negotiator
5-Mar-2018 Reuters
US, Mexican and Canadian trade experts leading efforts to draft new rules for auto content under a revised NAFTA trade deal aim to meet next week,
US NAFTA autos negotiator called from Mexico for consultations: officials
27-Feb-2018 Reuters
The US negotiator for regional content requirements in autos flew back to Washington from a NAFTA round in Mexico on Monday to talk with car companies, officials said, in a development some hoped would lead to progress on the contentious issue.
Trade issues between South Korea and US threaten to scuttle KORUS FTA negotiations
21-Feb-2018 Hankyoreh
The emergence of a number of trade issues involving South Korea and the US – including a plan being mulled over by the US to slap tariffs on South Korean steel and GM Korea’s threat to close a factory in South Korea – is creating uncertainty about the future of the Korea-US Free Trade Agreement (KORUS FTA), just before the third round of negotiations aimed at revising the agreement.