HearingontheFTAbetweenEUandSouthKorea.pptVIP

* * page * Hearing on the FTA between EU and South Korea Ivan Hodac Secretary General of ACEA European Parliament, INTA Committee Wednesday, 23 June 2010 Why is automotive important for the EU and the FTA? 15.2 million vehicles produced in 2009 Over € 26 billion in RD spending, largest private investor € 42.8 billion of net trade contribution € 377 billion of tax revenues The European automotive industry is key to the strength and competitiveness of Europe. It provides direct employment to more than 2.3 million people and indirectly supports another 10 million jobs. 36.6% of EU manufactur