South Korea FTA Plans
Thu, 10 Feb 2011 4:55:47 CST
In testimony Wednesday before the House Committee on Ways and Means, U.S. Trade Representative Ron Kirk announced the Obama Administration will submit the U.S. - Korea free trade agreement to Congress – in the next few weeks - perhaps yet this spring. The submission would trigger a mandatory schedule for congressional action.
Serious issues are holding up deals with Colombia and Panama, but according to Trade Representative Kirk, - I can tell you the President has directed me to immediately intensify engagement with Colombia and Panama with the objective of resolving the outstanding issues as soon as possible this year and bringing those agreements to Congress for consideration immediately thereafter.
Iowa Senator Chuck Grassley points out that Kirk’s announcement is - the most specific timeframe the White House has offered - on the South Korean agreement. Mr. Grassley noted, - a big, new export market is exactly what U.S. producers need right now. Grassley pledged his support if and when the agreement comes to Congress; - I’ll do everything I can to help get it approved.
WebReadyTM Powered by WireReady®NSI