Korean and U.S. business leaders called for efforts on Thursday to address discriminatory trade policies created by the U.S. Inflation Reduction Act (IRA), which only grants tax credits to electric vehicles manufactured in North America. During an annual conference co-hosted by the Federation of Korean Industries and the American Chamber of Commerce in Korea, the key business lobbies of both countries issued a joint declaration urging the two governments to address issues such as the electric vehicle tax credit passed into law in the IRA and search for a non-discriminatory resolution.