Canada and South Korea Said Getting Closer to Trade Pact
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Canada and South Korea are getting closer to a free-trade agreement, with auto industry issues one of the few remaining obstacles.
Negotiators are finalizing details surrounding auto-safety standards required by the South Korean government, said a person briefed on the talks, who asked not to be identified because the negotiations are confidential. U.S.-based automakers with operations in Canada, such as General Motors Co. and Ford Motor Co., are concerned such standards could be used as indirect trade barriers, the person said.