Could We Be Saying Goodbye to Hyundai in Canada?

Could We Be Saying Goodbye to Hyundai in Canada?

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There is a significant population out there who want nothing more than absolutely free trade, allowing the market to decide how the dollar and cents distribute themselves among the various companies. Others want some form of government control to keep everything in check. If you’re a fan of the latter, this is good news to you.

Because South Korea allows limited access for Canada-made vehicles in their home country, the province of Ontario may start to create some severe barriers for the importation of Korean-made vehicles into Canada. Ontario Premier Dalton McGuinty is saying that the free trade talks heavily favor South Korea, because Canadians will want to buy inexpensive Hyundai and Kia cars, but South Koreans aren’t as interested in cars made in Canada (like the Ford Crown Victoria, the Chrysler 300, and the upcoming Chevy Camaro).

The import/export numbers are definitely one-sided. About 114,000 Korean-made vehicles were imported into Canada in 2006, but fewer than 100 Canadian-made vehicles made it into South Korea.

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