ACEA welcomes improved market access under EU-Australia FTA On March 24, the European Automobile Manufacturers’ Association (ACEA) welcomed the conclusion of negotiations for a free trade agreement (FTA) between the European Union and Australia. The tariff reductions on vehicles will put EU exports on an equal footing with other major auto-exporting countries, which already enjoy duty-free access to the local market. Automotive parts will also ...

News  Updated at: 2026/03/25

he reported 50,000-unit allocation to Mexico could significantly influence the local EV market, where electrified vehicle sales reached around 100,000 units in 2025 (according to EMA: Electromovilidad Asociación). The development comes amid Mexico’s decision to raise tariffs on vehicles from non-FTA countries, particularly China, from 20% to 50%. However, trade agreements between Brazil and Mexico may mitigate the impact of those tariffs. In A...

News  Updated at: 2026/03/23

l share knowledge and regulatory information related to automated driving technology, cooperate for automated vehicle testbeds and Living Lab infrastructures, promote international joint research, and support testing and verification activities.  Following the successful conclusion of the Korea-UK FTA improvement negotiations, cooperation in the future mobility and automated driving sectors is expected to expand.  Based on Zenzic press release...

News  Updated at: 2026/03/09

Thailand targets mid-2026 EU FTA, strengthens EV supply chain alignment Reported on February 17, 2026, Thailand’s Ministry of Industry reaffirmed its goal of concluding FTA negotiations with the European Union by mid-2026, amid the present caretaker administration, during a February 16 meeting with the EU Ambassador to Thailand. Talks focused on aligning Thailand’s manufacturing sector with EU environmental standards, with particular emphasis...

News  Updated at: 2026/02/20

Thailand’s FTA usage up 8.7% in Jan–Nov 2025; Motor vehicles among top export items Reported on February 10, 2026, Thailand’s utilization of free trade agreement (FTA) preferences continued to expand in January–November 2025, with total usage increasing 8.7% YoY to USD 82.943 billion, accounting for 81.6% of exports eligible for preferential tariffs, according to the Department of Foreign Trade (DFT). Industrial products represented the m...

News  Updated at: 2026/02/12

in OEM operating rates, including the normalization of supply chains amid improving semiconductor availability. In addition, vehicle lineups in the Mexican market have expanded. Meanwhile, on January 1, the Mexican government significantly raised tariffs on imported vehicles and auto parts from non-FTA countries such as China. Developments in U.S. trade policy will continue to warrant close monitoring going forward. (INEGI release from February 5...

News  Updated at: 2026/02/06

ort On February 2, 2026, industry leaders across the automotive and mobility ecosystem welcomed Union Budget 2026-27. Piyush Arora, MD & CEO of Škoda Auto Volkswagen India, welcomed the policy stability and continued emphasis on manufacturing competitiveness, trade facilitation, including India-EU FTA progress, and SME growth. Alexander Schoen, CFO of Daimler India Commercial Vehicles, noted infrastructure development in Tier-2 and Tier-3 cities...

News  Updated at: 2026/02/02

GlobalData blog: Navigating 50% tariffs: strategic options for Chinese automakers in Mexico Starting in January 2026, Mexico officially raised tariffs on Light Vehicles (LVs) from 20% to 50%, applying only to countries that do not have a Free Trade Agreement (FTA) in place. While the change in rate affects many markets, we expect the most significant impact to be felt in China and India. These measures have been under discussion for months and we...

News  Updated at: 2026/01/30

Indian automotive industry highlights sector opportunities and growth potential on signing of India-EU FTA On January 27, following the signing of the India-European Union Free Trade Agreement, automotive industry leaders outlined implications for the sector. The FTA is expected to enable greater tariff certainty and a more predictable trade framework. Skoda Auto Volkswagen India said the agreement will allow the introduction of a wider range of ...

News  Updated at: 2026/01/28

ACEA welcomes EU-India free trade agreement On January 27, the European Automobile Manufacturers’ Association (ACEA) welcomed the conclusion of negotiations for a free trade agreement (FTA) between the European Union and India. ACEA stated that it will greatly help European automobile exports enter a market of 4 million passenger cars that, until now, has been protected by prohibitively high import tariffs of up to 110%. The agreement does come...

News  Updated at: 2026/01/27

ands while also opening opportunities for Make in India and Indian-made automobile exports to the EU market. The agreement balances competition benefits for Indian consumers through high-tech products and greater market competition with support for domestic automotive manufacturing and exports. The FTA is expected to enhance India's automotive sector's integration into global value chains and position Indian automakers to access the EU market, co...

News  Updated at: 2026/01/27

India-New Zealand FTA unlocks duty-free access for autos and components On December 22, India concluded a landmark Free Trade Agreement (FTA) with New Zealand. The FTA provides major duty-free access for Indian exports, protects sensitive domestic sectors, and supports inclusive and resilient economic growth. The FTA improves market access for Indian goods and also opens opportunities in the wider Oceania and Pacific Island markets. For the autom...

News  Updated at: 2025/12/23

nsumer spending power and tighter bank lending policies, driven by elevated household debt, continue to suppress demand. The company also called on the government to reduce import duties, pointing out that seven-seat vehicles are taxed at 80% and 11-seat models at 32%, while Chinese imports receive FTA exemptions, resulting in an unfair competitive balance. (From an article of Bangkok Post on December 4, 2025)...

News  Updated at: 2025/12/08

th respect to Strategic Investments (MOU). The two countries agreed that Korea will not be required to fund an aggregate amount of U.S. dollars greater than USD 20 billion in any calendar year.   Regarding tariffs, the U.S. will apply the higher of either the U.S.-Korea Free Trade Agreement (KORUS FTA) or U.S. Most Favored Nation (MFN) tariff rate, or a tariff rate of 15% on Korean goods for purposes of the reciprocal tariff provided under Execu...

News  Updated at: 2025/11/15

taking advantage of favorable policies, trade agreements, and as ways to bypass anti-dumping tariffs. The Ministry of Commerce highlighted car tires as a promising export product, noting that free trade agreements, including Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China FTA, have expanded market access.  Car tire exports currently account for around 4.18% of Cambodia’s total exports. (From an article of Khmer Times...

News  Updated at: 2025/09/26

Thailand’s FTA trade in H1 2025 hits USD 44.79 billion, motor vehicles among top exports Reported on September 10, 2025, Thailand’s trade under free trade agreements (FTAs) continued to grow. According to the Department of Foreign Trade, in the first half of 2025, total FTA utilization reached USD 44.79 billion (around THB 1.4 trillion), or 79.64% of eligible trade, up 10.22% from the same period in 2024. Motor vehicles remained among t...

News  Updated at: 2025/09/11

ported to international markets, contributing to a EUR 100 billion trade surplus. The Mercosur deal will eliminate tariffs of up to 35% on EU-made vehicles, opening the doors to a market of around 3 million vehicles. At a time when access to other important markets is being restricted, the Mercosur FTA could lead to a threefold increase in EU-made automotive goods exports by 2040. The agreement also strengthens Europe’s economic resilience by s...

News  Updated at: 2025/09/04

on electric pickup trucks. A ministry source, speaking anonymously, said the proposal is part of a broader strategy to support local production of electric pickups. The higher tax would primarily affect EVs imported from China, which currently enter Thailand duty-free under a free trade agreement (FTA). However, if these vehicles lack a minimum level of local content, they could face higher excise taxes. Officials believe this move would help ba...

News  Updated at: 2025/07/21

UK-India trade deal to cut auto tariffs, boost bilateral automotive trade On May 6, the United Kingdom and India concluded talks on a comprehensive Free Trade Agreement (FTA) that is set to benefit the automotive sectors in both countries.  As part of the agreement, after staging over 10 years, India will eliminate tariffs on 85% of tariff lines covering 66% of existing UK exports. The deal covers tariff reductions on components such as auto par...

News  Updated at: 2025/05/07

ted circuit boards (PCBs). Swedish businesses were encouraged to expand their investment in Thailand, particularly in sectors where Sweden has strengths, such as electric vehicles (EVs), clean energy, and sustainable products. Both sides also exchanged views on the Thailand-EU Free Trade Agreement (FTA) negotiations, which have been progressing satisfactorily.In 2024, bilateral trade between Thailand and Sweden was valued at USD 1.247 billion (ap...

News  Updated at: 2025/04/29