On Monday 24 January, the Korean Ministry of Environment made a public announcement of a number of adjustments that will be introduced in a new regulation on car CO2 emissions and fuel efficiency.

These follow consultations launched by the Korean Government on a draft regulation published on 29th September 2010.

The Commission is supportive of the Korean draft regulation as it will contribute to world-wide efforts to reduce greenhouse emissions. It also welcomes these adjustments, as they aim at achieving a fair distribution of the efforts by domestic and foreign car makers to reduce emissions. These changes include an adjustment of the formula applied to determine the CO2 reductions, as well derogations for car makers selling a small number of cars in Korea, and credits given for the use of innovative technologies reducing emissions or improving fuel efficiency. The amended Korea regulation will, whilst retaining its ambitious emission reduction objectives, address satisfactorily a number of concerns expressed by European car makers on the draft regulation.

The European Commission appreciates the constructive attitude adopted by the Korean Government on this issue, which corresponds to the cooperative approach with which potential market access obstacles or regulatory issues will be addressed in bilateral trade relations under the EU-Korea Free Trade Agreement.

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