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(World Review)   The Trans-Pacific Partnership, which would establish a free trade zone between 12 countries in the Pacific Rim, is going nowhere. Unless you are South Korea, which has concluded 11 bilateral trade deals, including those with the US and EU   (worldreview.info) divider line 8
    More: Interesting, Trans-Pacific Partnership, Pacific Rim, bilateral trade, Pacific Partnership, South Korean, United States, Japan, Liberal Democratic Party  
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523 clicks; posted to Business » on 22 Apr 2014 at 3:27 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



8 Comments   (+0 »)
   
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2014-04-22 09:54:30 AM  
That's because they're drift compatible.
 
2014-04-22 12:10:07 PM  
five 'sacred' farm products - rice, wheat, beef and poultry, dairy products and sugar.

As long as the government continues to kowtow to the agriculture bloc, Japan's tech companies are going to be hamstrung by tariffs.
 
2014-04-22 01:08:53 PM  

AverageAmericanGuy: five 'sacred' farm products - rice, wheat, beef and poultry, dairy products and sugar.

As long as the government continues to kowtow to the agriculture bloc, Japan's tech companies are going to be hamstrung by tariffs.


You would really think that Japan would have far more to gain by increasing their already massive electronics and automotive industries instead of protecting what must be a much smaller agriculture industry.

Then again that's not uncommon, just look at how common ethanol is these days, it looks like the US has the same problem.
 
2014-04-22 03:30:51 PM  
Turns out that South Korea has strong motives to be well connected to the international community. Can't imagine why
 
2014-04-22 03:40:10 PM  
Just to get the mecha references out of the way: https://www.youtube.com/watch?v=p5wqDWEaPFA
 
2014-04-22 03:58:14 PM  
I can't imagine why the US automotive industry would be blocking this.

They'll be farked anyway once freer trade opens up with the EU. Well, except they can survive on trucks.
 
2014-04-22 04:18:57 PM  
One advantage that the current big players in the automobile market in the US have is that the safety, pollution, and other standards for vehicles in the US are completely different than most of the rest of the first world (EU, Japan, etc.).  They aren't really better or worse, stronger or weaker, they are just different.  This means you usually have to re-engineer your cars for the US market; you can't just take existing cars that sell in, say, the EU and ship them here without changes.  It's a high barrier to entry.

However, once you spend the money to redesign all your cars, it doesn't really matter where you make the cars.  The tariff on autos is only 2.5% anyways (it's ten times more (25%) on pickups for stupid historical reasons, so nobody imports pickups to the US (except from Mexico and Canada, which are covered by NAFTA)).  Looks like the South Korean deal might eliminate that 25% "chicken tax", though.

This high barrier to entry is basically the only reason there aren't Chinese-made cars sold here yet; the Chinese automakers are too small to spend the money to certify them for US sale.  (GM has sold an SUV with a Chinese-made engine, although the vehicle was actually built in the US.)
 
2014-04-22 04:30:32 PM  

Sybarite: That's because they're drift compatible.



Nice.
 
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