ISDS Case Map
automobiles
After the grueling negotiations, South Korean Trade Minister Kim Hyun-chong said that the two sides engaged in intense discussions and there is still a long way to go. Here is Professor Chung In-gyo from the International Trade Department at Inha University to examine the latest FTA talks between South Korea and the US.
While “significant” challenges remain, all three ministers said some progress has been made this round.
Canada has proposed that Canada and Mexico would agree to a dispute settlement process between their two countries alone — to be outlined in an annex to the NAFTA.
Cultural and auto issues remain obstacles to reviving Pacific trade pact.
A bumpy road lies ahead for the renegotiation of the free trade deal between South Korea and the United States, a Korean senior trade official said.
There are no tariffs levied on South Korean auto parts shipped to the US which gives local carmakers to use any component while assembling. Local automakers have expressed concerns that any changes to the rules of origin could compel them to import and use parts they don't really need and hurt local parts manufacturers.
Since the auto major has approached the Madras High Court, remedy under a treaty would now be barred, the Government said.
Negotiators gathered at an informal session in Washington are considering ways to work around a main impasse of the talks so far, a US demand on auto parts deemed unfeasible by Canada, Mexico and the industry.
The Tamil Nadu government moved the Madras High Court for an interim stay on carmaker Nissan Motor from proceeding with international arbitration over the alleged non-payment of incentives being claimed by it from the State.
Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives.
