SKepticism on claims South Korea trade pact boosted Eu exports
April 21st, 2015
DESPITE a recent report from the European Commission claiming the European Union (EU) 2011 Free Trade Agreement (FTA) with South Korea was behind a 90% hike in car exports to the Asian nation by July 1, 2014, South Korean manufacturers consider the agreement beneficial to both parties. Meanwhile, European manufacturers have been sceptical about these claims, arguing their vehicles were already desirable to South Korean consumers.Mr Kim Tae-Nyen, executive director of the Korean Automobile Manufacturers Association (KAMA), told wardsauto that a 2% decrease in ...
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