EU and Japan Start Free Trade Agreement Talks
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As far as the automotive industry is concerned, Japan has a lot more to gain, according to said Ivan Hodac, the secretary general of ACEA lobby group.
The European car market would drop a 10 percent tax on Japanese import, compared to Japan's zero import tariffs. This would hurt already struggling carmakers like Fiat and PSA Peugeot Citroen, who specialize in smaller car.
"The Commission must take into account the needs of sensitive sectors - carmakers," French Trade Minister Nicole Bricq told reporters in Brussels, warning that Paris would fight to defend its industry during negotiations.
Story via AutoNews
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