CHEAPER SOUTH KOREAN CARS WILL FOLLOW TRADE DEAL
October 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Automobile Manufacturers Association (EMEA) estimates the cost of importing cars from South Korea could fall by as much as Euro 1,000 per vehicle - maybe more - following a European Union (EU)-South Korea free trade agreement, initialled on Thursday (15-10).
This deal will wipe out duties charged on vehicles and car parts trades between the EU and South Korea. EU trade Commissioner Catherine Ashton said: "This agreement is particularly important in the current economic climate, helping to fight the economic downturn and create ...
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