Ministry of Industry: "Reviewing Compliance with Trade Norms and Impact on Korean Companies Regarding France's Electric Vehicle Subsidy Reform Plan"
'Joint Public-Private Meeting on France Electric Vehicle Subsidy Response' Held
Opinions to be Submitted to France on the 25th
The government held a meeting to gather industry and expert opinions on France's electric vehicle subsidy reform plan.
On the 18th, the Ministry of Trade, Industry and Energy announced that it held a 'Public-Private Joint Meeting on Responding to France's Electric Vehicle Subsidy' at the Korea Chamber of Commerce and Industry with Hyundai, Kia Motors, and related associations to collect opinions and discuss future response measures.
This meeting was held to gather opinions from related industries and experts ahead of submitting Korea's position paper on the electric vehicle subsidy reform plan disclosed by the French government on the 28th of last month. The main content of the reform plan is to reflect the carbon emissions (carbon footprint) during the electric vehicle production process as a criterion for subsidy payment.
Following the disclosure of the draft reform plan, the Ministry of Trade, Industry and Energy is focusing on reviewing ▲ compliance with trade norms such as the World Trade Organization (WTO) agreements and the Korea-European Union (EU) Free Trade Agreement (FTA) ▲ carbon emission factor standards, calculation methods, and basis ▲ and the extent of burden on companies together with the industry.
The Ministry and the industry plan to submit a position paper containing the discussion details to the French government by the 25th. Additionally, through working-level consultations between the Korean and French governments, they will closely negotiate to ensure that adjustments to national and product-specific carbon emission factors for Korea are reflected in the French reform plan to minimize the burden on Korean companies.
Hot Picks Today
"Suspicious Timing?"...Trump Traded Stocks After Praising Wartime Capabilities
- "I Went to 10 Convenience Stores and Still Couldn't Buy It": The Bread Sensation That Sold 100 Million Units Already [The Way We Shop Now]
- Trump Pressures Taiwan to Relocate Semiconductor Industry to U.S., Says "Taiwan Took Away America's Semiconductor Industry"
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "Contact Me First If Houses Are Built": Wealthy Clients Eyeing... Will Ultra-High-End Residences Worth 20 Billion Won Be Developed? [Real Estate AtoZ]
Furthermore, they intend to continuously strive to ensure that Korea's position is maximally reflected in the final version of the electric vehicle subsidy reform by utilizing opportunities for high-level consultations between the two countries.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
