One year on, automotive NTBs are still in place and trade flow is asymmetrical.
Brussels, 29 June 2012 – Automobile figures for the first 11 months of the EU-South Korea free trade agreement (FTA) highlight the asymmetrical trade flow relations between the two partners, with massive increases for Korean exports of passenger cars, yet only relatively modest gains for the EU industry. The European Automobile Manufacturers Association (ACEA) took the opportunity of the first anniversary of the FTA on 1 July to draw attention to this unbalanced situation.
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