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S. Korea, EU have differences over automobiles in free trade talks
South Korea and the European Union are struggling to narrow differences on tariffs and safety regulations on automobile trade as they try to forge an ambitious free trade agreement, a top South Korean negotiator said Tuesday.
Metalworkers continue massive strike
Tens of thousands of unionized metalworkers were poised to stage a strike Thursday for a fourth consecutive day to oppose a proposed free trade deal between South Korea and the United States.
Hyundai workers on strike against FTA
Workers at South Korea’s top automaker Hyundai Motor launched a partial strike on Thursday to join an industry-wide walkout in protest at a free trade agreement with the United States.
US auto industry wants Korea to open its market
The American auto industry and lawmakers representing the auto sector have made “nonnegotiable” complains about the Korea-U.S. Free Trade Agreement (KORUS FTA). They have showed disagreements over a wide range of FTA provisions, indicating a bumpy road ahead to be ratified.
Hillary Clinton slams proposed US-Korea trade pact
Sen. Hillary Rodham Clinton, the Democratic front-runner in the presidential race, said on Saturday she would oppose ratification of a free trade pact with South Korea because it would harm the US auto industry, among other things.
USTR Schwab defends Korea FTA from auto industry criticism
A top U.S. trade negotiator on Tuesday disputed American auto industry criticism of a free trade agreement (FTA) with South Korea, saying it was a "myth" to believe the pact works against carmakers.
Dominican car buyers still await Free Trade’s lower prices
The local automotive market hasn’t benefited in the 3 months of the since the Dr-Cafta trade pact took effect, said the ex-president of Acofave, which groups the auto maker’s representatives.
Chrysler opposes proposed FTA with South Korea
American automotive giant Chrysler Group expressed opposition Tuesday to a proposed South Korea-U.S. free trade agreement (FTA), saying the accord fails to motivate the Asian nation enough to open its market to American-made cars.
Free-trade talks with South Korea on fast track: Emerson
Trade Minister David Emerson says he’s speeding ahead with free-trade talks with South Korea despite objections from the auto sector, and expects to sign a deal this year.
Canada-South Korea free trade talks a non-starter with auto sector
Wary North American automakers and their unions are warning the Canadian government not to be tempted by a recently concluded South Korea-US free trade pact into a similar deal.
Automakers cautious on South Korea, US free trade agreement
Automakers yesterday said they were hopeful a free trade agreement between South Korea and the US will prove a boon to their industry, but added they were taking a cautious approach until the deal gets final approval.
Trade pact risks environment, public health
For the past few years, the backers and denouncers of a free trade accord between Korea and the United States have feuded like the Montagues and Capulets. Not surprisingly, the two camps are still polarized on whether the trade pact bringing together the world’s largest and 10th largest economies is destined to be a happy marriage or Shakespearean tragedy.
Colombo agrees to address FTA fears
In a major development, Colombo has agreed to work out permanent solution to Islamabad’s fears over the import of auto parts keeping in view the likely investment by India in Sri Lanka, a government official told The News.
Colombo agrees to address FTA fears
In a major development, Colombo has agreed to work out a permanent solution to Islamabad’s fears over the import of auto parts under the Free Trade Agreement between Sri Lanka and Pakistan. There are reports that India is going to invest in the auto sector in Sri Lanka under the India-Sri Lanka FTA. Islamabad fears that the auto parts to be made in Sri Lanka by India would be exported to Pakistan.
Dominican auto importers say no way prices will drop
The National Vehicle Distributors Association (ANADIVE) recommended to the Dominican population not to create the false expectations that automobile prices would drop because of the DR-CAFTA free trade deal.
US trade rep pushes for removal of beef ban, auto tariff
Pressure is mounting on South Korea to open several of its markets to the US as free trade negotiations between the two nations are nearing an end.
US auto industry, agriculture lobby face off over Korea FTA
More than a dozen farm groups are lobbying the US administration in Korea this week to ensure it only concludes a deal that significantly increases US agriculture exports. But agriculture’s interests are somewhat complicated by those of the auto industry, which has warned it could oppose the deal unless it ensures that US exports to Korea will increase. Still, some sources say that support from agriculture could trump opposition from the auto industry if a deal is reached.
Key sticking points in talks for South Korea-US free trade deal
Chief trade negotiators from South Korea and the United States are set to meet in Washington on March 19-21 to settle their differences over sensitive issues as they are eager to conclude a free trade deal by the end of this month.
Steel tops debate on Japan deal
The pending Thai-Japanese free trade agreement will become a catalyst for Thailand’s steel industry to deal with heavier competition, according to local experts.
S Korea regrets US lawmakers’ call to widen auto market
South Korean officials expressed "regret" Sunday over US lawmakers’ demands that South Korea further open its auto market as part of a proposed free trade agreement (FTA) with the world’s largest economy.