Goyal continued, saying that Hyundai and Kia continue to import products indiscriminately while benefiting from our free-trade deal with Korea and Japan.
Korean automakers Hyundai and Kia have cost India billions of dollars in trade deficits with Korea and other nations, according to Union Commerce Minister Piyush Goyal. During the three-day Asia Economic Dialogue, he spoke.
We are unable to export even a tonne of steel to these nations due to the intense nationalistic sentiment among Korean enterprises. In contrast to India, he continued, Korea and Japan will purchase steel from their home markets even if it costs $100 per tonne more.