Tag Archives: eu korean fta

Automakers Protest EU Korean FTA Deal is One Sided

Posted on 28 June 2012 by Ken Zino

European automakers are protesting that EU-South Korea FTA one year later has resulted in massive increases for Korean exports of passenger cars, yet only relatively modest gains for the EU auto industry. The European Automobile Manufacturers Association (ACEA) took the opportunity of the first anniversary of the Korean FTA coming on 1 July to draw attention to what it called an “unbalanced situation.” Continue reading →

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Obama Administration Submits Controversial FTAs to Congress. Largest Loss of Jobs since NAFTA Coming?

Posted on 4 October 2011 by Ken Zino

The AFL-CIO said the “The Korea agreement is the largest offshoring deal of its kind since NAFTA. If enacted, it likely will displace 159,000 U.S. jobs, mostly in manufacturing. And its glaring loopholes would allow unscrupulous businesses to import illegally labeled goods from China and possibly even from sweatshops in North Korea—potentially without any tariffs at all.” Continue reading →

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EU-South Korea Free Trade Agreement Favors Koreans

Posted on 10 August 2011 by Ken Zino

Under current market conditions, this waiver will not balance the current €10.7 billion trade deficit in automobiles, according to the respected consultancy Frost & Sullivan. Continue reading →

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Ford of Europe CEO Stephen O’Dell Calls for a Comprehensive Industrial Policy and Rejection of Korean FTA

Posted on 1 July 2011 by Ken Zino

Odell also criticized a proposed Korean trade agreement, which in a different form is also controversial in the U.S. However, Ford in the U.S. supports a pending Korean FTA, which is opposed by all major U.S. unions except for the United Autoworkers. A Ford spokesperson was unable to explain the disparity in the conflicting positions. Continue reading →

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UAW Defends Korean FTA as Other Unions Protest Deal

Posted on 20 December 2010 by Ken Zino

In a late Friday afternoon e-mail to its members and supporters, the United Auto Workers Union defended its endorsement of the revised and still controversial Korean FTA or so called Free Trade Agreement. The defense came after the heads of … Continue reading →

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AFL-CIO Rejects Korean FTA. New Trade Policy Called For

Posted on 10 December 2010 by Ken Zino

The proposed Korean Free Trade Agreement (FTA) with the U.S. should be rejected by the Congress because its investment and government procurement provisions will encourage “offshoring,” according to AFL-CIO President Richard Trumka. His statement came after the Detroit Three auto companies … Continue reading →

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