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Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

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Old 03-11-2014, 11:48 AM   #1
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Free trade agreement with S. Korea..

Does this mean there will be a price drop on Hyundai and Kia over the next few years....for the foreseeable future?

Harper slams Ford Canada?s stance on free-trade deal - The Globe and Mail

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Prime Minister Stephen Harper has issued a sharp rebuke to the Ford Motor Co. of Canada Ltd., accusing the company of duplicity in its attacks on the new Canadian free-trade agreement with South Korea.

Speaking in the grandeur of the Blue House, the South Korean president’s home and office on a promontory overlooking Seoul, Mr. Harper heralded the conclusion of the deal “a historic milestone for Canada.” It is Canada’s first with an Asian nation and will, he said, hand companies access to Korea as a gateway for trade in the fast-growing region. But the deal’s unveiling, after more than nine years of closed-door negotiations, immediately gave rise to worries on both sides of the Pacific that knocking down duties will also knock down critical jobs for Korean farmers and Canadian auto workers.

In Canada, Ford’s local president Dianne Craig has been among the most vocal critics of the deal, which she said gives the industry insufficient protection from Korean car makers. Concluded in Seoul on Tuesday, the Canada-Korea free-trade agreement promises to sweep away 98 per cent of the duties on goods that flow between the two countries, including cars.
also....cheaper Samsung products??
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Old 03-11-2014, 12:03 PM   #2
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Cheaper Korean food!
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Old 03-11-2014, 12:38 PM   #3
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Does that mean more H Marts?!?!?! Vancouver needs one that isn't in Downtown!
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Old 03-11-2014, 12:52 PM   #4
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There's one in Richmond and coquitlam
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Old 03-11-2014, 12:54 PM   #5
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Does that mean more H Marts?!?!?! Vancouver needs one that isn't in Downtown!
lol.........
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Old 03-11-2014, 01:23 PM   #6
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Canada currently imposes a 6.1 per cent duty on imported Korean cars. That duty will gradually be eliminated after two years under the free-trade agreement, far faster than companies like Ford had hoped for.

A senior government official acknowledged that some pain is likely to Canadian car makers, with Ottawa estimating an “impact on production” of fewer than 4,500 cars, or about 0.2 per cent of current output. (Nearly half the Korean cars purchased in Canada today are actually built in the U.S.) Ottawa believes, however, that the terms it negotiated – including a permanent 177-day dispute mechanism – are, in sum, equivalent to the U.S. deal. Canada also stands to benefit from one element missing in its deal, the ability by the U.S. to force a snap resumption of tariffs if South Korea is found to violate the terms of the agreement. Since the North American auto industry is so deeply-interlinked, such a move would likely work to Canada’s advantage as well, the official said.

when i first heard of this, the news reports made it sound like this is enough to make the entire canadian population buy hyundais and kias, but after reading the above, is it just protectionists overreacting?
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Old 03-11-2014, 03:32 PM   #7
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Canadians already pay less than what koreans get for their hyundais and kias for the same car models.
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Old 03-11-2014, 05:40 PM   #8
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Ford and Chrysler are probably verrrry butthurt over this.

The thing that they don't realize is that the average Korean consumers are not interested in North American cars. (with the exception of General Motors as they bought out Daewoo and currently sell cars in Korea under their Chevrolet brand)

North American cars consume way too much gas for a country that imports 100% of their petroleum and average gas prices are about $2 per litre.

The rich Koreans who wants to drive an import will prefer the German cars as they are more prestigious.

I personally think this FTA is good for us as it should reduce tire costs! Hankook's and Kumho's should be cheaper. Hopefully.
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Old 03-11-2014, 07:40 PM   #9
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would rather Japan
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Old 03-11-2014, 11:03 PM   #10
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would rather Japan
When I originally saw this article Japan was apart of it, and now I read that this South Korean FTA will be a catalyst for Canada-Japan FTA as well.
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Old 03-11-2014, 11:06 PM   #11
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yeah ive been hearing its still in talks with japan but id be much happier seeing a deal done/agreed upon with japan

but



i guess
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Old 03-12-2014, 01:05 AM   #12
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I find it interesting that Ford is the one complaining, doesn't Toyota make more cars in Canada than anyone else? At least they did a few years ago.
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half those dudes are hotter than ,my GF.
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Old 03-12-2014, 03:25 AM   #13
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Maby the price will drop on those 4b11 genisises now
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Old 03-12-2014, 09:33 AM   #14
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I wonder when this deal will be ratified?
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Old 03-12-2014, 10:18 AM   #15
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When I originally saw this article Japan was apart of it, and now I read that this South Korean FTA will be a catalyst for Canada-Japan FTA as well.
I seem to think that free trade (or at least expanded clearances on trading restrictions) should be covered under TPP (Trans-Pacific Partnership), and talks should be in progress. Supposedly, Taiwan is also looking to join in on this agreement as well, and if they do, I'd expect a bunch of computer stuff to see some tax breaks. But I am skeptical as to whether that'll actually translate into lower prices for consumers though.
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Old 03-12-2014, 11:09 AM   #16
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free trade agreement with a country that serves dog meat in some restaurants. fucking sickening. dont care if i get flamed for this post either. its fucked that some people eat dogs there... not all, but some..

about the topic, i dont care. i will never purchase a hyundai or kia product. while they have gotten better over the years, they still arent all that great.
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Old 03-12-2014, 11:17 AM   #17
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free trade agreement with a country that serves dog meat in some restaurants. fucking sickening. dont care if i get flamed for this post either. its fucked that some people eat dogs there... not all, but some..

about the topic, i dont care. i will never purchase a hyundai or kia product. while they have gotten better over the years, they still arent all that great.
not sure if serious.
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Old 03-12-2014, 11:55 AM   #18
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Old 03-12-2014, 03:10 PM   #19
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free trade agreement with a country that serves dog meat in some restaurants. fucking sickening. dont care if i get flamed for this post either. its fucked that some people eat dogs there... not all, but some..

about the topic, i dont care. i will never purchase a hyundai or kia product. while they have gotten better over the years, they still arent all that great.
Lol, people in China eat dog meat too! You better stop buying products made there.
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Old 03-12-2014, 03:35 PM   #20
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free trade agreement with a country that serves dog meat in some restaurants. fucking sickening. dont care if i get flamed for this post either. its fucked that some people eat dogs there... not all, but some..

about the topic, i dont care. i will never purchase a hyundai or kia product. while they have gotten better over the years, they still arent all that great.
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Old 03-19-2014, 01:06 PM   #21
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Old 03-19-2014, 01:11 PM   #22
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There's one in Richmond and coquitlam
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there is one in Langley too
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Old 03-19-2014, 01:12 PM   #23
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free trade agreement with a country that serves dog meat in some restaurants. fucking sickening. dont care if i get flamed for this post either. its fucked that some people eat dogs there... not all, but some..

about the topic, i dont care. i will never purchase a hyundai or kia product. while they have gotten better over the years, they still arent all that great.
u must be pretty stupid
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