US likely to push more local auto parts in Korean cars: experts
2017-11-20
Ahead of future trade amendments negotiations of the five-year Korea-US Free Trade Agreement, the United States is likely to demand an increased use of American-made parts on Korean vehicles exported to the states, according to industry experts on Nov. 19.
As the Trump Administration is already pushing for a higher percentage of American auto parts to be used by its major trading partners through its ongoing North American Free Trade Agreement trade renegotiation talks, local trade officials are predicting similar provisions will be requested during the KORUS FTA amendment process.
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