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

for 50 New Flyer zero-emission buses. The order consists of 40 Xcelsior CHARGE FC 40-foot hydrogen fuel cell-electric buses and 10 Xcelsior CHARGE NG 40-foot battery-electric buses. The units were added to NFI’s Q4 2024 backlog and are supported by a combination of Federal Transit Administration (FTA) and local funding. OCTA manages key transportation infrastructure for 3.2 million residents across 34 cities in Orange County, delivering more th...

News  Updated at: 2025/02/27

Cambodia – South Korea bilateral trade up 11.5% in 2024, supported by FTA Reported on January 3, 2025, the Cambodia-Korea Free Trade Agreement (CKFTA) drove growth in the 2024 bilateral trade between Cambodia and South Korea, which reached USD 762 million, up 11.5% YoY. Following the first meeting of the CKFTA Joint Committee held in South Korea, Cambodia will host the second CKFTA Joint Committee meeting in 2025. Both sides aim to boost cooper...

News  Updated at: 2025/01/07

Thailand-South Korea to start 3rd round of negotiations on EPA (FTA) Reported on December 15, 2024, Thailand’s Commerce Minister has recently talked with the South Korean Ambassador to Thailand regarding the economic partnership negotiations between the 2 countries. Their FTA, which will be called “Thailand-South Korea Economic Partnership Agreement” (EPA), is expected to boost bilateral trade, services, and investment, while expanding coop...

News  Updated at: 2024/12/17

I is focused on attracting responsible investments in key sectors, including renewable energy, energy storage systems, electric vehicles, semiconductors, etc. The 2 countries are set to strengthen their economic partnership through the full implementation the Philippines-Korea Free Trade Agreement (FTA).  The forum, co-organized by the Philippine Chamber of Commerce and Industry and the Federation of Korean Industries, also celebrated the 75th a...

News  Updated at: 2024/10/24

xport to Europe, said SAIC Motor-CP. The company is also aiming to export EVs to European markets.  Chinese EVs manufactured in Thailand must contain over 40% locally made parts in order to be considered as “originated from Thailand”. What the Thai govt. is expected to do is (i) to complete an FTA negotiation with the European Union by 2024, which would help open doors to EU markets for Thai EV firms and (ii) to promote the establishment of ...

News  Updated at: 2024/08/27

Cambodian govt. encouraging more EV investment; VOLTRA says clearer development plan required Reported on May 1, 2024, the Cambodian Ministry of Commerce (MoC), during the inauguration ceremony of the recently held ‘First Auto Show 2024’, encouraged investors to set up more car factories, especially the electric vehicles (EVs) and reap benefits from the FTAs that Cambodia has with many partners and the preferential tariffs received from devel...

News  Updated at: 2024/05/07

Thailand-South Korea FTA to benefit EV-related investments; EPA talks to start in 2024 Reported on March 28, 2024, the Thai Commerce Minister revealed that Thailand and South Korea are opening negotiations for an economic partnership agreement (EPA). A signing ceremony on EPA negotiations has been held. The first round is expected to start by the middle of 2024. The EPA is expected to pave the way for the bilateral free trade agreement by late 20...

News  Updated at: 2024/04/01

’s EV manufacturing hub under its 30@30 policy and stands ready to discuss cooperation with France in automobiles and clean energy. Moreover, the Thai PM expressed confidence that mutual trade and investment value between Thailand and France will significantly grow if the negotiation of Thailand-EU FTA is finalized by 2025.  The Thai PM has also met with executives of over 20 France’s leading companies in the fields of automobiles, aviation,...

News  Updated at: 2024/03/12

U.S. Department of Transportation announces USD 1.5 billion for bus manufacturing On February 8, the U.S. Department of Transportation's Federal Transit Administration (FTA) announced the availability of approximately USD 1.5 billion to support American transit vehicle manufacturing, including zero-emission buses, help build bus facilities, and promote workforce development.  In Fiscal Year 2024, USD 1.1 billion will be authorized for the Low-No...

News  Updated at: 2024/02/15

l revenue growth of more than 30% for two consecutive years by actively responding to strong market demand in North America," said Chang Sil Lee, CFO of LG Energy Solution. "Last year, we have also established sound supply chain by expanding sourcing of IRA-compliant critical minerals from the U.S. FTA countries and reinforcing strategic cooperation for recycling business with partners by region. In Q4 2023, LGES reported operating profit reachin...

News  Updated at: 2024/01/27

interested in investing in Thailand, after being encouraged by the Thai government during the roadshow in the U.S. Meanwhile, the Federation of Thai Industries (FTI) pointed out that Chinese and Japanese car companies also enjoy other trade privileges, such as the ASEAN-China free trade agreement (FTA) and the Japan-Thailand Economic Partnership Agreement. However, companies from certain countries, especially in Europe and the U.S., have yet to ...

News  Updated at: 2024/01/17

Thai Commerce Ministry anticipates at least 3 FTAs to be inked in 2024 Reported on January 10, 2024, the Thai Commerce Ministry expected to sign 3 free trade agreements (FTA) in 2024, including 2 new agreements with Sri Lanka (in February) and the European Free Trade Association (EFTA) (by June), respectively, and an upgrade to the existing ASEAN-Australia-New Zealand FTA. Thailand and Sri Lanka are expected to announce a 50% reduction in import ...

News  Updated at: 2024/01/11

Implementation of EPA to benefit South Korean carmakers planning to invest in Thailand Reported on November 20, 2023, the Thai Trade Representative has recently discussed an Economic Partnership Agreement (EPA) plan with the South Korean Minister of Trade, Energy and Industry. Between both countries, only some regional trade agreements such as the ASEAN-Korea FTA (AKFTA) and the RCEP, have been reached. A Free Trade Agreement (FTA) has not been s...

News  Updated at: 2023/11/24

uring vehicles under the brand of GWM. PJVM will also look after the localized production of parts of the selected model products in Malaysia, with the intention to increase the proportion of localized parts to obtain the policy support from the Malaysian government, and to take advantages of ASEAN FTA. Meanwhile, GWM shall be responsible for distribution and trading, incentives application and importation of complete-knock down (CKD) packs for a...

News  Updated at: 2023/10/19

Thailand – UAE FTA set to be concluded by end of 2023, Thai minister reveals Reported on September 29, 2023, Thailand and the United Arab Emirates (UAE)’s negotiations on the Free Trade Agreement (FTA) are around 80% complete and is expected to be concluded by the end of 2023. The Thai-UAE FTA talks were recently hosted in Bangkok from September 26-28. The Thai government expected to promote international trade cooperation. The Thai Commerce ...

News  Updated at: 2023/10/03

Thailand - Sri Lanka FTA planned to be signed in 2024; auto and parts among FTA’s potential beneficiaries Reported on August 28, 2023, Thailand’s Trade Negotiations Department revealed that the free trade agreement (FTA) between Thailand and Sri Lanka is planned to be signed in early 2024, following at least 3 more rounds of talks in 2023 to conclude the negotiations.Speaking at the 6th round of negotiations for the Thailand-Sri Lanka FTA hel...

News  Updated at: 2023/09/01

w with the Nikkan Jidosha Shimbun and other media before August 28, Nissan’s executive vice president Hideyuki Sakamoto said that, “We will export a certain amount of vehicles from China henceforth” and mentioned Thailand and other Southeast Asian countries, which have a free trade agreement (FTA) with China, as a candidate for the destination. By launching EVs made in China in Southeast Asia, where interest in the introduction of EVs is gr...

News  Updated at: 2023/08/29

Thai government hopes expansion of vehicle/parts export to India utilizing FTAs Reported on August 7, 2023, Thailand's Commerce Ministry saw an opportunity to boost vehicle and parts exports from Thailand as the Indian auto market, which consists of two-, three- and four-wheelers, continues to rise. As India is unable to make sufficient auto components to meet domestic demand, the Ministry commented that Thai vehicle component exporters should es...

News  Updated at: 2023/08/08