France is asking the EU to look into an uptick in South Korean car imports, which could possibly result in tarrifs being slapped on the vehicles, despite an EU-South Korean free trade agreement.
The AFP reports that the request, made by Arnaud Montebourg, France's Minister for Industrial Recovery
The rhetoric regarding the "dumping" of South Korean cars has been heating up slowly; sales of domestic brands like Renault, Peugeot and Citroen have been in the dumps, while "low-cost" brands like Dacia, as well as Hyundai and Kia, have been doing well, with sales in Europe increasing while everyone else is sliding backwards. In a poor economy, the low-end and the high-end retain their position, but the middle is always hollowed out. The backlash against Korean cars isn't exclusive to France either – the country seems to be a favorite scapegoat whenever uncompetitive vehicles or labor unions are suffering. from The Truth About Cars http://www.thetruthaboutcars.com | |||
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Sunday, August 5, 2012
France Wants EU To Probe Increased South Korean Auto Imports
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