% ), ▁and ▁elect rical ▁mach in ery ▁and ▁equipment ▁( 1 5 %). ▁These ▁total led ▁$ 6 . 3 ▁billion ▁in ▁value , ▁a ▁decrease ▁from ▁$ 6 . 6 ▁billion ▁in ▁ 2 0 1 1 . ▁ ▁Tar iffs ▁Canada ▁will ▁eliminate ▁tar iffs ▁on ▁imported ▁South ▁Korean ▁autom ob iles ▁within ▁two ▁years ▁of ▁rat ification ▁of ▁the ▁trade ▁deal . ▁ ▁South ▁Korea ▁will ▁eliminate ▁the ▁ 4 0 % ▁tar iff ▁on ▁imported ▁Canadian ▁be ef ▁within ▁ 1 5 ▁years ▁of ▁rat ification ▁of ▁the ▁trade ▁deal . ▁ ▁Re action ▁Representatives ▁of ▁Canada ' s ▁autom ot ive ▁industry ▁critic ized ▁the ▁deal , ▁stating ▁that ▁it ▁" rap id ly ▁elimin ates ▁tar iffs ▁on ▁Korean ▁imports ▁and ▁does ▁not ▁include ▁ret ali atory ▁measures ", ▁such ▁as ▁the ▁' s nap - back ' ▁prov isions ▁in ▁the ▁Free ▁trade ▁agreement ▁between ▁the ▁United ▁States ▁of ▁America ▁and ▁the ▁Republic ▁of ▁Korea . ▁D ian ne ▁Craig , ▁chief ▁executive ▁officer ▁( CE O ) ▁and ▁president ▁of ▁Ford ▁Motor ▁Company ▁of ▁Canada , ▁stated ▁that ▁" S outh ▁Korea ▁will ▁remain ▁one ▁of ▁the ▁most ▁closed ▁autom ot ive ▁mark ets ▁in ▁the ▁world ▁under ▁the ▁deal ▁negoti ated ▁by ▁the ▁Canadian ▁government " ▁because ▁South ▁Korea ▁impos es ▁non - tar iff ▁bar riers ▁on ▁imported ▁vehicles . ▁The ▁government ▁stated ▁that ▁autom ot ive ▁disput es ▁between ▁the ▁two ▁countries ▁will ▁be ▁resolved ▁within ▁ 1 7 7 ▁days