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.