US-Korea FTA negotiations restart Korea automobile market is expected to open to u.s.
Integrated foreign coverage, the United States President Barack Obama in recent G-20 Summit held that Obama will take this November visit to Korea, restart and Korea Government US-ROK free trade negotiations, and will work to resolve bilateral trade issues left.
In April 2007, the Bush administration and Korea signed US-ROK free trade agreement (FTA), but the final result of us beef and auto-export articles on differences remain in the "out" State.
Obama and Korea Government restart trade negotiations, the world's most closed one of the automotive market ― Korea automobile market is expected to open three cheqi country United States. At present, in the United States market in Korea automobile quantity every year approximately 70 million units, while in Korea market United States automobile number 7000 vehicles only. The questions have been raised with the trade dispute between the two countries.
In response to the message, United States domestic automobile manufacturers Ford vehicles on the Obama administration and the Korea restart expressed strong support for the trade negotiations. Ford said in a statement: "Ford is hope and the United States Government and Congress together towards Han MI new trade regulations. Korea market on United States Cheqi open, we will demonstrate to Korea consumers United States automobile industry's rapid growth and strength. ”
However, the difference is that the United States for another local cheqi ― General Motors has always maintained a neutral attitude. General Motors subsidiary in Korea is universal Daewoo Korea fourth largest automotive manufacturer in China. It is obvious, GM free from ROK-US car import/export level will benefit less than Ford.