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.
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.