8/4/2009

India's biggest auto exporter appealed to the Indian government for help, anticipating a loss of sales because of a free-trade agreement between the EU and South Korea. If the pact gets final approval, vehicles made in South Korea will be exempt from the EU's 10% import duty. If the duty is waived, it will be "virtually impossible" for India to complete in the EU, said H.S. Lheem, CEO and managing director of Hyundai Motor India.

Full Story:
The Times of India

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