EUROPEAN AUTO-MAKERS SOUNDS ALARM BELLS OVER EU-JAPAN TRADE TALKS
December 1st, 2012
BY ALAN OSBORN, IN LONDON, AND JULIAN RYALL, IN TOKYO
EUROPE'S automakers have reacted with ill-disguised dismay to the European Union's (EU) decision (announced last Thursday) to begin negotiations with Japan for a free trade agreement (FTA). The motor industry's trade association ACEA said "independent studies have shown that this deal is a one-way street as far as the automobile industry is concerned." Ivan Hodac, ACEA secretary general, quoted an impact assessment made by Deloitte which showed that while EU car exports to Japan could increase by ...
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