India’s passenger vehicle industry is in a tizzy over the import quota proposed in the free trade agreement between India and the European Union.
Australia’s meat exporters believe they are being sacrificed for the benefit of the car industry as negotiations for the Australia-Japan free trade agreement draw closer to conclusion.
Indonesia has not reduced its import duties on certain Japanese cars as required under a trade agreement between the two countries, the Nikkei said.
Indian auto industry body Society of Indian Automobile Manufacturers (SIAM) on Monday came with a White Paper on the India-European Union Free Trade Agreement (EU-FTA). It has said the pact will curtail investments in automotive manufacturing in India and, consequently, employment opportunities.
Agriculture has long been the bane of Canadian trade negotiators. No trade deal gets done without crossing farmers first.
In a move that could spell relief for the domestic auto industry, India may not offer the European Union (EU) a sharp customs duty cut to 10-30 per cent for imported premium cars as previously envisaged under the upcoming free trade agreement (FTA).
South Korea’s auto industry expressed fears of an influx of car imports as Seoul kicked off trilateral talks on Tuesday with Japan and China to allow free trade between over 1.5 billion consumers in the three Asian nations.
Prospects for a trade pact have brightened the spirits of automakers along with many other types of Continental companies. And not only because it might make it easier for their products to compete in America’s giant consumer market.
It has finally been revealed in Korea that the biggest reason that the implementation of the low-carbon vehicle incentive system has been delayed to 2015 was the South Korea-United States Free Trade Agreement (KORUS FTA). Concerns that the KORUS FTA would endanger not only legal but also legislative sovereignty and jeopardize Korea’s ability to create and enforce public policies are being realized.
Luxury carmaker Mercedes Benz India said it supports industry body SIAM’s position on not including automobile sector in the proposed free trade agreement with European Union.
Germany’s automotive industry association (VDA) is calling for any revamped European Union-US Free Trade Agreement to concentrate on establishing common standards in a bid to slash billions of dollars from development costs.
News that Japan and the European Union have agreed to start negotiations for an economic partnership agreement was a breath of fresh air for Japanese export-related companies, as it is highly likely an EPA deal will give a boost to their businesses.
Heavy Industries Minister Praful Patel Monday said his ministry is agreeable to cutting duty on luxury cars imported from Europe as part of the proposed India-European Union free trade agreement.
La Commission Européenne devrait annoncer que des études d’impact vont être menées sur tous les accords de libre-échange signés, notamment celui conclu avec la Corée du Sud.
The development assumes importance as Sri Lanka did not show positive response to India’s offer to expand FTA between two countries to Comprehensive Economic Partnership Agreement
Le gouvernement sud-coréen réfute les allégations de la France, selon lesquelles le marché tricolore serait envahi de voitures produites en Corée.
When I was in South Korea for five days last month, I noticed that very few European and American cars were on the road in Seoul and Keosu.
The European Union is examining a request by France to require South Korea to give advanced warning of planned car exports to the EU, the first step towards the possible re-introduction of duties a year after a free-trade deal came into effect.
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.