South Korea advantage over EU in vehicle exports more than 5 to 1.
Vehicle shipments between the European Union and South Korea remain lopsided in the Asian country’s favor – helped by automotive non-tariff barriers – since the adoption of their free-trade agreement a year ago. ACEA, the European auto makers’ group, says figures for the first 11 months of the FTA highlight the uneven trade flow, with massive increases in South Korean car exports, yet only relatively modest gains for EU auto makers. Since the FTA took effect ...
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