ISDS Case Map
automobiles
South Korea will focus on autos and is not ready to discuss beef during the upcoming talks with the United States for the ratification of a pending free trade deal, the chief South Korean trade negotiator said Monday.
Chrysler today voiced its opposition – along with Ford – to passage of a free trade agreement between the US and Korea as written in 2007.
Top trade officials from South Korea and the United States will hold further talks on Wednesday as the countries are struggling to resolve outstanding issues that have stalled the ratification of their free trade agreement signed more than three years ago, a Seoul trade official said.
Ford, the US car company, has launched an aggressive advertising campaign against the South Korea free trade agreement, which it argues would lock in unfair trade between the countries.
Korea yesterday denied a U.S. media report that it planned to make new “concessions” to secure the ratification of the Korea-U.S. free trade agreement from the U.S. Congress.
It is no secret that one of the final sticking points in the Korea-U.S. FTA is the alleged Korean non-tariff barriers (“NTBs”) in the automobile sector. The United States takes the position that the enormously low penetration of the U.S. automobiles into the Korean market can only be explained by NTBs.
Automotive Component Manufacturer Association of India (ACMA) Wednesday urged the government to look into the inverted duty structures in free trade agreements (FTAs) which it intends to sign.
The South Korean ambassador to the United States will meet with top executives at Ford Motor Co. and Chrysler Group LLC on Wednesday during a day-long visit to Detroit to discuss a contentious free trade agreement.
United States Trade Representative Ron Kirk says it is unlikely that other clauses will be included when bilateral talks are held to address Washington's concerns on beef and auto regarding the Korea-US free trade agreement.
In the next few months European Union governments will have to decide whether to ratify a free-trade agreement (FTA) with South Korea that is described by the EU’s external-trade directorate as “one of the most ambitious and complete deals” it has ever signed.
