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The United States adheres to the “Inflation Reduction Act” … Korea will take a look at the WTO complaint

On the 22nd, Minister of Trade, Market and Strength Lee Chang-yang announced that he will actively take into account whether or not to file a complaint with the Entire world Trade Corporation (WTO) in relation to the US Inflation Reduction Act (IRA), which excludes Korean motor vehicles from the electric automobile subsidies.

Minister Lee mentioned this when requested at the Countrywide Assembly Committee for SMEs and Startups for Commerce, Marketplace and Electrical power, Lee In-seon, a member of people’s electrical power, “is taking into consideration regardless of whether Is the IRA looking at violating trade principles? ‘Minister Lee continued: “I am involved about the IRA,” incorporating, “As shortly as the regulation came out, I knowledgeable the agent of the US trade consultant ( USTR) considerations about possible violations of WTO regulations and Absolutely free Trade Agreement (FTA) restrictions in the name of the head of trade negotiations. “Minister Lee claimed:” We are conveying our fears as a result of many channels, which include the minister of overseas affairs “.” This 7 days or early subsequent, we will send out a trade executive to validate the will of the United States, and subsequent week, the head of the headquarters of the trade will talk about the Indo-Pacific Economic Framework (IPEF). As for the assembly, I will go to the United States on a business enterprise excursion and go over it all over again. “

Ahn Deok-geun, head of trade negotiation headquarters, will journey to the United States early following thirty day period to go over the IPEF agenda and, at this time, will convey problems about the IRA to the United States.

Relating to the chance of an raise in electric power tariffs due to KEPCO’s big-scale deficit, Minister Lee expressed his placement that “the problem of price tag normalization has an electricity shock, so it is necessary to look at how to buffer it for a very long time. ”

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