U.S. and South Korea are going down to the wire to solve differences on cars

Article by Christian A., on November 14, 2010

The United States and South Korea are resolutely working on a free-trade agreement between the two countries and both sides are trying to resolve the differences on cars in preparation for the leaders’ meeting.

Washington says that South Korea’s auto standards discriminate against American cars and act as non-tariff barriers, which keeps their market share at less than one percent.

In their second day, U.S. Trade Representative Ron Kirk and South Korean Minister for Trade Kim Jong-hoon were not able to resolve issues brought by the U.S. auto industry and holding up approval by the U.S. Congress.

South Korea’s Deputy Minister for Trade overseeing FTA talks, Choi Seok-young, says Tuesday’s talks focused on U.S. concerns that the deal signed three years ago is not enough to ensure access to South Korea’s auto market for U.S. manufacturers.

Choi adds that the U.S. side is concerned about greenhouse gas emission standards and automobile fuel mileage. [via autonews - sub. required]

If you liked the article, share on:

Comments

Recommended

We first heard of the fifth generation SEAT Ibiza earlier this year, and last week, the company finally revealed the all-new Ibiza at the international launch in Barcelona. The new...
by - May 22, 2017
The aftermath of the Takata airbag recall still largely resounds in the automotive industry, as big automotive companies like BMW, Mazda, Subaru and Toyota were extensively hit with what is...
by - May 22, 2017
Amid reports that major rival Volkswagen would cease producing 2016 and 2017 model year diesel cars following the wake of the "Dieselgate" scandal, it’s believed that Chevrolet sees its opportunity...
by - May 22, 2017
Honda recently whips out a new feature for the S660 Bruno Leather Edition. Any guesses? Well, it’s going to be an iPhone app that goes by the name Rev Beat....
by - May 22, 2017
And so it goes, Ford is not at all closing its doors to an all-electric F-150 pickup. The American manufacturer initially laid out its plans for an F-150 hybrid earlier...
by - May 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries