Ferrari Seeks Open Road to U.S. Drivers in EU Trade Talks

May 30, 2013 879

by Brian Wingfield

Ferrari SpA (FERI) wants to ship its luxury sports cars to the U.S. without having to pay duties. The owner of KFC and Pizza Hut restaurants is seeking lower tariffs on chicken wings exported to feed hungry Europeans.

Lobbying by companies is accelerating as the U.S. Trade Representative's office prepares to negotiate with the 27-nation European Union to form the world's largest free-trade region. Wal-Mart Stores Inc (WMT)., Intel Corp (INTC)., the United Steelworkers union and the Sierra Club are among 367 parties weighing in as the agency opened two days of hearings today.

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