FTA And Competitive Production Will Boost US Vehicle Imports

Ford Motor is one of the first US carmakers to make a move to increase exports to South Korea under the Korea-US (KORUS) free trade agreement (FTA) ratified in 2011. While the terms of the FTA will make it much easier to gain access to the South Korean market, BMI believes the increased competitiveness of US exports will provide further impetus for other similar projects to follow, in line with our view that North America will become a favoured production and export

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