EUROPEAN UNION DESIGNS PROTECTION FOR AUTO SECTOR AGAINST SOUTH KOREA TRADE DEAL
June 1st, 2011
BY KEITH NUTHALL
CONCERNS within the European auto industry about the trade deal initialed last October by the European Union (EU) and South Korea have been addressed today (Wednesday) at the European Parliament. Meeting in Brussels, its international trade committee gave its approval to draft legislation, allowing the swift reintroduction of trade barriers, should the deal create a surge in Korean car exports to Europe.
These would be triggered by a bureaucratic procedure called a 'special safeguard mechanism', which would involve the EU executive the European ...
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