EU AUTOMAKERS CAUTIOUS ABOUT IMMEDIATE BENEFITS FROM TRADE DEALS WITH PERU AND COLOMBIA
July 1st, 2012
BY ALAN OSBORN, IN LONDON; AND JONATHAN DYSON, IN LIMA
THE EUROPEAN Union (EU) executive the European Commission is hoping that the negotiation of new free trade agreements (FTAs) between the EU and Colombia and Peru will be the springboard for penetration by European auto-manufacturers into markets that have been pretty well off limits to them in the past. The FTAs will mean the removal of tariffs on European automotive and car parts worth over around USD33 million and according to the EU trade commissioner Mr Karel De Gucht will "create a stable framework ...
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