ISDS Case Map
automobiles
India to protect automobile industry in free trade agreement with EU: Commerce and Industry Minister
India will protect its automobile industry as it has reached the final stages of negotiations for a free trade agreement with European Union.
The possibility of fully-built vehicles being included in India's FTA with EU -- home to auto majors like Volkswagen, BMW, Mercedes Benz, Fiat and Renault -- is causing considerable heartburn in the auto industry.
India's proposed free trade agreement (FTA) with the European Union could include tariff reduction on import of vehicles as well as automotive components.
Free-trade agreements with India and Japan could undermine the UK’s automotive industry, which employs 700,000 and accounts for more than 10 per cent of exports, the Society of Motor Manufacturers and Traders is warning.
Stating that incentives should be given for setting up manufacturing bases in the country, SIAM today said it opposes any lowering of customs duty on fully imported cars in the proposed India-EU free trade agreement.
It is Canada's forgotten trade deal.
Free trade negotiations with South Korea began in 2004. And nearly seven years later, there's still no pact.
Why?
In their South Korea-U.S. Free Trade Agreement (KORUS FTA) renegotiations, South Korea and the United States agreed to draft and submit an additional accord to their respective legislative bodies that includes full-scale revisions to the auto provisions of the previous agreement formally signed in 2007.
Korea will hold talks with the EU over vehicle gas mileage and greenhouse gas emission standards in the free trade agreement after renegotiations of the FTA with the US opened the door for adjustments.
Hyundai-Kia Automotive Group is bracing for stiffer competition in the domestic market under the Korea-US free trade agreement, as the pact will likely make Japanese and German cars much more price-competitive here.
Korea and the United States have extended their talks on a pending free trade deal by at least one more day in a last-minute effort to reach an agreement.
