South Korea FTA Could Cost Government Its Domestic Ambitions

A potential free trade agreement (FTA) with South Korea could significantly step up competition in Turkey's auto market and help attract a sizeable amount of investment from South Korea's Hyundai Motor. However, BMI fears that a FTA with South Korea will bring Turkey's undeveloped local suppliers into direct competition with their competitively priced South Korean counterparts and also dent the Turkish government's plans to create an indigenous autos

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