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Final U.S.-Korea FTA Deal Scaled Back U.S. Demands On Car Tariff By Half

December 10, 2010 at 1:52 AM
The final deal on automotive changes to the U.S.-Korea free trade agreement announced late last week contains more modest provisions than what the U.S. initially demanded when it comes to delays on the phase-out of the U.S. tariff on passenger cars and the standards applied to a new automotive safeguard, sources said. The U.S. also agreed to drop some other demands, such as changes to Korea's duty drawback mechanism, they said. In last month's negotiations in Seoul, the U.S. demanded...

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