Gyeonggi Province will dispatch a U.S. Trade Environment Investigation Team to the state of Georgia from the 10th to the 15th of this month.
This dispatch aims to proactively respond to the anticipated automobile tariff policies of the second Trump administration expected in early April. The team will visit the Georgia state government and other local institutions to investigate the trade environment of the automobile parts industry and focus on strengthening cooperation systems with the state government and related local agencies.
The investigation team is led by the head of Gyeonggi Province's International Trade Division and consists of experts in trade and the automobile sector from the Gyeonggi FTA Trade Promotion Center, Gyeonggi Institute of Science and Technology Promotion, Korea Automobile Industry Cooperative Association (KAICA), and Automobile Parts Industry Promotion Foundation (KAP).
The state of Georgia, which the team will visit, is a transportation and logistics hub in the southeastern United States. It boasts excellent infrastructure, including the Port of Savannah, ranked fourth in total cargo volume in the U.S., making it an optimal region for automobile and automobile parts transportation.
In particular, it is a key hub for the automobile industry, with over 150 domestic companies having entered the market centered around Hyundai Motor Group's electric vehicle plant (HMGMA) and Kia Motors plant, which began early operations at the end of last year.
Park Geun-gyun, Director of Gyeonggi Province's International Cooperation Bureau, stated, "Gyeonggi Province is the region with the highest number of automobile parts companies nationwide and the heart of South Korea's automobile industry. As the second Trump administration is expected to announce automobile tariff policies, we will closely prepare for changes in U.S. trade policies, our largest automobile export market, and actively work to minimize trade risks for local companies."
As a follow-up to this investigation, Gyeonggi Province will select 10 local automobile parts companies to support direct dispatch and consulting in the U.S. in June.
Companies wishing to participate can apply by 2 p.m. on April 4th through the Gyeonggi Business Secretary website (www.egbiz.or.kr).
Gyeonggi Province is also considering dispatching trade environment investigation teams to other major industries with large export volumes to the U.S., such as the semiconductor industry, while closely monitoring U.S. tariff trends and continuously seeking multifaceted trade and export strategies.
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