S. Korea, US agree to launch formal talks on US Inflation Reduction Act: Amb. Cho
WASHINGTON -- The US government has agreed to launch formal talks with South Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction Act (IRA) on South Korean electric vehicles, Seoul's ambassador to the US said Monday.
Amb. Cho Tae-yong also said the US understands the reasons behind South Korea's concerns and that they are justified.
"We have especially stressed that the discriminative measures against electric vehicles from South Korea, an ally and partner in a free trade agreement, are unfair, and the US side is not presenting any differing views," the South Korean diplomat said in a meeting with reporters in Washington.
"Based on such discussions, the South Korean and US governments have agreed to hold talks between the governments to come up with a solution to this issue," added Cho.
US President Joe Biden signed the IRA into law earlier this month.
The law allows a government tax credit of up to $7,500 for each new electric vehicle (EV) purchase, but only for cars with batteries produced in North America.
The US law has been considered a heavy blow to South Korean carmakers, especially Hyundai Motor Group, which had announced plans to invest more than $5 billion in the US for EVs and EV batteries during Biden's visit to Seoul in May.
"Completely addressing this issue requires tremendous efforts. (We) will work to minimize damage (to South Korean firms) through active discussions with key actors from the US Congress and administration," Cho said.
A South Korean government delegation arrived in Washington earlier in the day to deliver the country's concerns over the Inflation Reduction Act. (Yonhap)
相关文章
- You're playing the latest Call of Mario: Deathduty Battleyardon your perfect gaming PC. You're looki2024-09-22
Facebook now says 30 million affected by hack, will notify users
Facebook has finally shared an update on the massive hack that affected millions of accounts. Of the2024-09-22Hillary Clinton spent an hour reading her controversial emails at a public art exhibit
Hillary Clinton's emails are now officially works of art.On Tuesday, the 2016 Democratic nominee sto2024-09-22[Reporter’s column] NK launch raises military intelligence doubts
As North Korea leader Kim Jong-un celebrated his country’s first “successful” firing of a submarine-2024-09-22How do you make safe, cheap nuclear reactors? Bury them a mile deep
Startup Deep Fission has come up with a new way to deal with the economic and safety problems of nuc2024-09-22- 无论你是冲着足球球技和战术去的真行家,还是凑凑热闹、追追明星,看看帅哥的伪球迷。四年一届的世界杯让太多人没理由错过这样的足球盛宴,雅安的大街小巷到处充斥着足球的气氛。酒吧酒吧看球的雅安球迷看球还能猜球2024-09-22
最新评论