FTA Will Not Immediately Address Autos Imbalance But EVs Offer Hope

The long-awaited ratification of the Korea-US (KORUS) free trade agreement (FTA) will undoubtedly bring benefits for US carmakers, who have bemoaned a trade imbalance between the two countries in the autos sector. They now have greater access to South Korea's thriving vehicle import market, but more importantly, have secured protection from massive gains by their Korean counterparts through some of the renegotiated clauses of the

To read the full article, please choose one of the following options: