While speaking on the Korea-U.S. Free Trade Agreement (FTA), President Lee Myung-bak hinted Thursday that he would consider engaging in additional negotiations in the automobile sector if the U.S. requests it. President Lee’s statement is expected to cause controversy.
U.S. President Barack Obama arrives in Korea on Nov. 18, but discord over the ratification of the bilateral free trade agreement with Korea is rising in the U.S.
The United States Friday repeated its call on South Korea to make concessions for a wider opening of its auto market so the U.S. can ratify a pending bilateral free trade agreement, Yonhap News reported..
Whichever FTA is signed first — Japan’s or the EU’s — will put pressure on the other pair of negotiators to reach pragmatic compromises. The race for India is on.
European auto manufacturers on Monday urged Brussels not to sign a free trade agreement with South Korea due to be inked over the coming days.
The United States said on Monday it was taking a fresh look at whether South Korea is giving US automakers enough access under a draft free trade agreement, which has been stalled by disputes.
A proposed trade pact between South Korea and the European Union is one-sided and could threaten automobile manufacturing in Western Europe, a top Ford Motor Co executive said on Thursday.
How the US President Obama administration deals with General Motors will determine the fate of the free trade agreement between Korea and the United States, the former first deputy managing director of the International Monetary Fund (IMF) said.
The European Union’s trade chief is confident she can convince member states to back a free trade pact with Korea, despite fierce opposition from the bloc’s embattled car industry.
Commerce ministers of Thailand and Indonesia on Saturday agreed to launch a bilateral trade agreement on economic cooperation
The EU intends to move ahead with a free-trade agreement currently being negotiated with South Korea despite delays and grumbles from the European car industry.
European car makers called Thursday for the European Union to scrap a draft free-trade deal with South Korea, saying it won’t let them increase exports during a sales slump at home.
Thomas Donohue, the head of the U.S. Chamber of Commerce, said during his visit to Seoul yesterday there would be no “renegotiation” of the free trade agreement with Korea, while there could be some “adjustments” regarding the controversial auto issue.
According to JETRO, Japan will boost support to Vietnam next year, once the two governments sign an FTA, for the benefit of both Vietnamese and Japanese corporations
South Korea and the European Union will hold a meeting in Vienna this week to resolve contentious issues such as auto trade and rules of origin in their free trade negotiations, Yonhap News reported Sunday quoting officials.
European carmakers have attacked a proposed trade agreement with South Korea, claiming that it is lopsided and sacrifices their interests for the benefit of Europe’s services industries.
Mitsubishi Motors of Japan is looking forward to a free trade pact between India and the 10-nation Association of South-East Asian Nations (ASEAN) to start production in the country and make it an export hub, a top official has said.
The United States and South Korea began two days of trade talks on Tuesday, but plan to steer clear of auto industry provisions blocking Washington’s approval of a bilateral free trade agreement, a U.S. official said.
Japanese car major Honda Motor Company is looking to cash in on India’s Free Trade Agreement (FTA) with the ASEAN countries to eventually make the operations here a key part of its global business.
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.