S. Korean auto exports to US at standstill, imports up 4.6 %
Nov 19, 2017
South Korean auto exports to the US in the first nine months of 2017 practically stood unchanged from the year before, while imports moved up 4.6 percent, trade data showed Sunday.The outbound shipment figures come even after Washington removed the 2.5 percent import duties it levied on South Korean cars starting in 2016 in accordance with the bilateral free trade agreement (FTA). This is an indication that there is little correlation between the trade pact and automobile exports. (Yonhap)Accor