What They're Saying About the KORUS FTA
Reid: “My staff and Senator McConnell’s staff have been in discussions for weeks over the Trade Adjustment Assistance program and the three outstanding FTAs. We believe those discussions have provided a path forward in the Senate. . . " McConnell: “I agree with the Majority Leader that we have a path forward on TAA and the Free Trade Agreements. I have long supported passage of the long-delayed FTAs, and I know that I speak for many on my side of the aisle that we are eager to get moving and finally pass them."
- Senators Reid and McConnell Statements on FTA Agreement, August 3, 2011
Camp: "Today's agreement on a path forward in the Senate brings us one step closer toward enacting the long-pending, job-creating trade agreements with Colombia, Panama and South Korea. Every day that goes by, we lose more export and job opportunities to our European and Canadian counterparts, who have already entered into agreements with these countries." Brady: "This long-awaited Senate agreement paves the way forward for long overdue action. The agreements have the ability to add 250,000 U.S. jobs and $10 billion to our economy, and they level the playing field for American workers, farmers, and businesses."
- Chairman Camp, Ranking Member Brady Statements on Senate Path Forward for Pending Trade Agreements, August 3, 2011
We "urge you to stand up for American exports and the jobs that depend on them by taking immediate action to implement the pending free trade agreements with South Korea, Colombia and Panama. The longer we wait to implement these agreements, the farther behind we will fall in these markets to our competitors."
- 123 Agricultural Groups Tell Congress, Administration that FTA Delay is Costing Them Market Share, July 29, 2011
“Exports create jobs, and the Obama administration intends to double U.S. exports by 2015, in part by passing the pending trade agreements with Colombia, Panama and South Korea. Combined, these agreements would increase U.S. exports by an estimated $13 billion, adding thousands of American jobs and boosting U.S.. competitiveness”
- Jose W. Fernandez, Assistant Secretary of Commerce, South Florida Sun Sentinel Op-ed, July 25, 2011
“No one disputes that these agreements will benefit our exporters by opening markets heretofore closed thus resulting in thousands of much needed jobs. For Connecticut, the free trade agreement with Korea is estimated to generate 1,200 with the aerospace industry being the main beneficiary.”
- Paul Pirrotta, President, Paul Pirrotta International, Hartford Business Journal Op-ed, July 25, 2011
“When you realize that 95 percent of the world's consumers live outside our borders, it is clear that international trade is vital to a vibrant U.S. economy. Trade supports American jobs – plain and simple… Free trade agreements with Panama, Colombia and South Korea have been languishing for years. The delay in implementing these agreements has already resulted in significant loss of U.S. market share in those key foreign markets."
- Sen. Richard Lugar (R-IN), Indianapolis Star Op-ed, July 23, 2011
“The U.S. economy needs swift approval of the pending free-trade agreements withColombia, Panama and South Korea… The reward would be the creation of new jobs and opportunities for workers and businesses across the country.”
- John D. Negroponte, Chairman of the Council of the Americas; Mack McLarty President of McLarty Associates; Jim Jones, Former U.S. Representative and White House Appointments Secretary; Rob Mosbacher Jr., President of Mosbacher Energy; Washington Post Op-ed, July 16, 2011
“While Congress and other leaders wonder how to create jobs, they ignore a clear opportunity to do so by expanding markets for U.S. goods: the proposed free-trade agreements with Colombia, Panama and South Korea… Passage of the free-trade agreements with Colombia, Panama and South Korea is a real and meaningful way to inject economic stimulus into the economies of the United States, Florida and Miami.”
- Manny Diaz, Former Mayor of Miami, Miami Herald Op-ed, July 15, 2011
“With 95 percent of the world’s consumers living outside the United States, giving our workers, farmers and service providers fair access to those markets should be an urgent national priority. Let’s start with a simple approval of the trade-opening agreements long negotiated with South Korea, Colombia and Panama, which would create an estimated 250,000 American jobs…”
- Sen. Rob Portman (R-OH), The Hill Op-ed, July 14, 2011
We can [recharge America’s economic engine] by adopting the…Free Trade Agreements with South Korea, Colombia, and Panama. Helping businesses export more domestically manufactured goods could create up to 250,000 jobs in the U.S.Florida has 14 deepwater seaports that generate over $65 billion in economic value. Our state is well-positioned to benefit from higher exports.”
- Rep. Vern Buchanan (R-FL), The Hill Op-ed, July 14, 2011
"Ratification of agreements with Korea, Colombia and Panama would create significant opportunity for California farmers and ranchers to expand market share in these parts of the world. For this reason, we join with the American Farm Bureau Federation effort to send Congress a clear message from our grassroots that now is the time to finish these deals.”
- Paul Wenger, President, California Farm Bureau Federation, July 13, 2011, July 13, 2011
“…[O]ver the last 15 years, free trade has created more than 25 million jobs and increased real wages for U.S. workers. In fact, according to the Peterson Institute for International Economics, the cost of not passing the Colombian and South Korean agreements has been on the order of 300,000 jobs.”
- Gary Shapiro, President and CEO of the Consumer Electronics Association, Washington Times Op-ed, July 13, 2011
“Korea is a strategic ally bordered by a dangerous and repressive regime. It is also one of the largest economies in the world. The FTA will lower Korean trade barriers on U.S. products, increasing out exports by one-third and cutting our bilateral trade deficit in half.”
- Sen. Max Baucus (D-MT), Senate Finance Committee Hearing, July 7, 2011, July 7, 2011
“The three trade agreements before us today will significantly lower tariffs on U.S. goods in Colombia, Panama, and South Korea and will ensure that U.S. exporters are competing on a level-playing field.”
- Rep. Kevin Brady (R-TX), Ways an Means Committee Hearing, July 7, 2011
“The three trade agreements are a sure-fire way to create American jobs by growing U.S. exports of goods and services… The independent U.S. International Trade Commission estimates that the three pending trade agreements together would increase U.S. exports by at least $13 billion. These agreements will create and support jobs here in the United States – 250,000 jobs, using the President’s own measure."
- Rep. Dave Camp (R-MI), Ways an Means Committee Hearing, July 7, 2011
“[A]n enacted free trade agreement with South Korea will create American jobs, grow the American economy and make America more secure.”
- Mark Henry Obermeyer, President of Obermeyer Hydro Inc., (Fort Collins) Coloradoan Op-ed, July 5, 2011
“To create American jobs and level the playing field for trade, the moment has arrived for approval of the three pending trade accords and renewal of the Trade Adjustment Assistance program for displaced workers. There’s no time to waste.”
- Mark Luden, President and CEO of The Guitammer Co., Columbus Dispatch Op-ed, July 2, 2011
“President Obama has committed his administration to a goal of doubling U.S. exports over the next five years... [G]rowing Oregon exports means opening new markets for our goods and services. By standing in support of the trade agreement with South Korea, Congressman Schrader is standing for Oregon workers.”
- Doug Badger, Executive Director of the Pacific Northwest International Trade Association, Statesman Journal Op-ed, June 29, 2011
“For America’s small and medium-size businesses, these trade agreements are critical. Nearly 30,000 U.S. small and mid-size companies export to Colombia, South Korea and Panama, and they account for one-third of U.S. exports to these countries.”
- Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce, Atlanta Journal Constitution Op-ed, June 23, 2011
“Start with the Korea-U.S. Free Trade Agreement… Think it would help our economy to be shipping an additional $10 billion in goodsevery year? Of course it would. That increase in trade would create thousands of new U.S. jobs.”
- Ed Feulner, President of the Heritage Foundation, Washington Times Op-ed, June 23, 2011
“The pending free trade agreement with South Korea alone could boost U.S. exports by $10.9 billion a year and create 70,000 new jobs, according to the U.S. International Trade Commission.”
- Scott Davis, CEO of UPS, CNN Money Op-ed, June 22, 2011
“Enact the pending Free Trade Agreements with Panama, Colombia and South Korea. They mean billions more in exports -- and many thousands of new jobs.”
- Jerry Jasinowski, Former President of the National Association of Manufacturers, Huffington Post Op-ed, June 21, 2011
“Opening markets around the world is critical to Nebraska's continued economic development. Trade creates opportunity for Nebraska farmers, ranchers, manufacturers, and small businesses to expand, generate jobs, invest in newtechnology, and continue growing our economy.”
- Rep. Adrian Smith (R-NE), McCook Daily Gazette Op-ed, June 21, 2011
“South Korea is by far the biggest of the pending agreements. When it's fully implemented, Nebraska is projected to see ag export gains of more than $101 million a year, including $68 million in beef sales.”
- Keith Olsen, President of the Nebraska Farm Bureau Federation, Lincoln Journal Star Op-ed, June 20, 2011
“The U.S.-Korea Free Trade Agreement would eliminate tariffs and other barriers,promote economic growth and strengthen economic ties between the United States and Korea. If approved, it would be the most commercially significant free trade agreement for the U.S. in 16 years.”
- Gina Kim Nakamura, President of the Hawaii Korean Chamber of Commerce, Honolulu Star-Advertiser Op-ed, June 15, 2011
“According to analyses by Iowa State University economists, the three agreements will boost U.S. pork, beef and poultry exports alone by nearly $2.3 billion. These new exports will create, in turn, almost 30,000 new jobs in the U.S. pork, beef and poultry industries - including more than 3,700 here in Iowa.”
- Sam Carney, Immediate Past President of the National Pork Producers Council, Des Moines Register Op-ed, June 10, 2011
“President Obama should immediately submit, and Congress should immediately ratify, the pending free-trade agreements. Colombia and Panama already enjoy unfettered access to our market, and South Korea has negotiated free-trade deals with the European Union and India; we cannot afford to fall behind.”
- Matthew J. Slaughter, Professor of Management at the Tuck School of Business at Dartmouth; and Robert Z. Lawrence, Professor of International Trade and Investment at the Harvard Kennedy School, New York Times Op-ed, June 9, 2011
“Now is the time for the U.S. Congress to ratify its free trade agreement with South Korea -- as well as those with Panama and Columbia -- to stimulate economic growth, jobs and global food security.”
- Greg Page, Chairman and CEO of Cargill, Minneapolis Star Tribune Op-ed, June 7, 2011
“Quite simply, passing these free trade agreements will increase the number of American jobs. With new export opportunities come new production demands, which in turn create new jobs… The International Trade Commission estimates that implementation of these three free-trade agreements would increase U.S. exports by at least $13 billion and add $10 billion to the U.S. gross domestic product. Such an increase in U.S. exports could create 250,000 American jobs.”
- Rep. Allen West (R-FL), South Florida Sun-Sentinel Op-ed, June 5, 2011
“When implemented, this agreement would reduce South Korea's current tariff on U.S. beef from 40 percent to zero over the next fifteen years. The U.S. beef industry would see $15 million in new tariff benefits in the first year alone, and about $325 in tariff reductions once fully implemented.”
- Rep. Kevin Brady, R-TX, Drover’s Cattle Network Op-ed, June 1, 2011
“[If] we pass the Korea trade agreement, Massachusetts workers will immediately have new opportunities to export goods and services into Korea’s $1 trillion economy. The U.S. International Trade Commission recently estimated that full implementation of the Korea agreement would generate approximately 2,640 new jobs in Massachusetts and about 280,000 jobs across the country.”
- Sen. Scott Brown (R-MA), Worcester New Telegram Op-ed, May 26, 2011
“The International Trade Commission (ITC) estimates our export growth arising from this agreement will be strong, immediate, and lasting: an additional $12 billion annually in exports will result from approval of the three agreements. The effects will ripple through our economy, creating 100,000 new jobs, according to the ITC.”
- Jay Timmons, President and CEO of the National Association of Manufacturers, Daily Caller Op-ed, May 25, 2011
“Every $1 billion in agricultural exports supports 9,000 U.S. jobs including those of transportation workers, food processors, packers, dockworkers and sales and marketing professionals. By passing all three trade agreements, nearly 22,500 new U.S. jobs could be created, including new jobs in South Carolina.”
- David Winkles Jr., President of the South Carolina Farm Bureau Federation, Post and Courier Op-ed, May 23, 2011
“It is, therefore, even more critical that we get these FTAs voted upon, passed and implemented, because every billion dollars in foreign trade supports 9,000 jobs in the U.S. Administration figures show that the South Korea FTA alone will support 70,000 U.S. jobs, more than 22,000 of which would be in agriculture.”
- Philip Nelson, President of the Illinois Farm Bureau, Peoria Journal Star Op-ed, May 21, 2011
“A free trade agreement between the European Union and Korea is set to go into effect on July 1. It will create a distinct advantage for European companies competing against American companies in the Korean market… Free trade is especially important to the innovation industry. American small businesses need free trade agreements to restore their ability to sell products in foreign markets without having to overcome high tariffs.”
- Gary Shapiro, President and CEO of the Consumer Electronics Association, Forbes Op-ed, May 19, 2011
“Secretary of State Hillary Clinton recently expressed her commitment to securing ratification of the Korea-U.S. free trade agreement by the end of this year. This agreement is especially important because it sets the gold standard for intellectual property protection – including for the biopharmaceutical industry, which is why companies like Lilly that require strong IP protection to sustain innovation and employment have endorsed it.”
- John C. Lechleiter, Chairman, President and CEO of Eli Lilly and Company, The Hill Op-ed, May 19, 2011
“The U.S. International Trade Commission estimates that the three trade agreements combined would increase exports by $13 billion. Using the president's own measure, such an increase in U.S. exports could create 250,000 American jobs.”
- Rep. Sam Graves (R-MO), Washington Times Op-ed, May 19, 2011
“Agricultural trade is not only critical to farmers and ranchers, it is important for a strong U.S. economy and for the creation of American jobs. Every $1 billion in agricultural exports supports 9,000 U.S. jobs including those of transportation workers, food processors, packers, dockworkers, and sales and marketing professionals.”
- David M. Winkles, Jr., Farmer and President of the South Carolina Farm Bureau Federation, Southeast Farm Press Op-ed, May 18, 2011
“KORUS can never override long standing U.S. rules that prohibit the import of North Korean products. U.S. sanctions against North Korea always trump KORUS…no exceptions… Korea will continue to open its market — with or without KORUS approval. But if Congress rejects KORUS, only foreign competitors will benefit.”
- Bruce Klingner, Senior Research Fellow in The Heritage Foundation’s Center for Asian Studies, The Hill Op-ed, May 17, 2011
“The Korea agreement alone will eliminate tariffs on some of Delaware's most important agricultural products, while adding thousands of jobs to America's economy. Economic output is expected to grow more under the U.S.-Korea agreement than from the United States' last nine trade agreements combined, bringing additional jobs to communities across Delaware.”
- Michael Scuse, Acting Undersecretary for Farm and Foreign Agricultural Services for the U.S. Department of Agriculture, Delaware Online Op-ed, May 16, 2011
“The FTAs that are soon to be sent to Capitol Hill are win-win scenarios for all parties involved… South Korea is an even bigger market for American farmers, with an expected gain of nearly $2 billion a year in agricultural exports as South Korea removes barriers to our farm products.”
- David Headley, Illinois Farm Bureau Member, Peoria Journal Star Op-ed, May 15, 2011
“Boosting our trade ties to these nations also strengthens these alliances. It advances the U.S. national interest in ways that will pay dividends beyond the creation of jobs.”
- Tom Donohue, President and CEO of the U.S. Chamber of Commerce, Bellingham Herald Op-ed, May 12, 2011
“Free trade will speed the growth of the world economy. We will participate in that growth. As a result, free trade will lead to more jobs and lower cost goods for consumers.”
- Bill Davidow, Founding Partner of Mohr Davidow Ventures, Forbes Op-ed, May 11, 2011
“The United States cannot afford to let the rest of the world establish free-trade blocs, while we continue to do nothing. Contrary to union pleas, free trade grows our economy and creates jobs, as U.S. companies gain access to foreign markets.”
- Gary Shapiro, President and CEO of the Consumer Electronics Association, Washington Examiner Op-ed, May 11, 2011
“Passing the agreements is a surefire way to spur job creation, spark long-term growth in our economy and ensure that America remains competitive in the global marketplace — all without one dime of new government spending.”
- Rep. Sam Graves (R-MO), Atlanta Journal Constitution Op-ed, May 10, 2011
“What [free trade] affects are the types of jobs. In the long run this is a very good thing. That’s why Congress and President Obama should pass the pending trade agreements with Colombia, Panama, and South Korea. When governments lower trade barriers, they allow more people to exchange and to work together.”
- Ryan Young, Fellow at the Competitive Enterprise Institute, Daily Caller Op-ed, May 4, 2011
"Agricultural trade is not only critical to farmers and ranchers. It is important for the U.S. economy and the creation of American jobs. Every $1 billion in agricultural exports supports 9,000 U.S. jobs including those of transportation workers, food processors, packers, longshoremen and even sales and marketing professionals… while we urge the administration and Congress to expedite passage of these trade deals, the European Union is moving forward with its own Korea agreement, hoping it can beat us to the punch.”
- Leland Hogan, President of the Utah Farm Bureau Federation, Salt LakeCity Deseret News Op-ed, April 26, 2011
“The U.S.-Korea free trade agreement (KORUS), the largest agreement negotiated in over two decades, offers substantial new economic opportunities as well. The ITC estimates that the tariff cuts alone in KORUS will increase exports of American goods by $10 billion. It also includes the strongest intellectual property rights provisions in any U.S. free trade agreement negotiated to date.”
- Sen. Orrin Hatch (R-UT), Foreign Policy Op-ed, April 18, 2011
“[The KORUS FTA] will help small businesses compete more effectively and create more good jobs here at home. Without action from Congress, U.S. firms of all sizes are losing out on access to one of the world's fastest-growing markets… Altogether, these tariff cuts will increase American exports by an estimated $10 billion to $11 billion annually, supporting at least 70,000 additional U.S. jobs. And these are good jobs, because export-related jobs pay as much as 18 percent more than the national average.”
- Karen Mills, Administrator of the U.S. Small Business Administration, Sacramento Bee Op-ed, April 17, 2011
“Ratification of [the KORUS FTA] would wipe out $15 million in tariffs in its first year, growing to $325 million annually by the time of its full implementation in a decade and a half, as a current tariff of 40 percent vanishes to zero. The National Cattlemen’s Beef Association believes that approval of the trade agreement would turn South Korea into a $1 billion market for U.S. beef. It could even become our top destination for beef exports. These sales will increase profitability for American ranchers, meaning that we’ll be able to expand our operations and hire more workers.”
- Carol Keiser, Truth About Trade & Technology Board Member, Washington Times Op-ed, April 13, 2011
“The United States International Trade Commission (USITC) estimated in September 2007 that [the KORUS FTA] could increase U.S. exports by $10 billion to $11 billion annually. President Obama has said that the agreement could support at least 70,000 U.S. jobs. These estimates are conservative and do not capture the potential for growth of U.S. services exports to South Korea — where the United States already enjoyed a more than $6 billion trade surplus in 2009.”
- William Rhodes, Senior Adviser to Citigroup and Chairman of the U.S.-Korea Business Council, April 12, 2011
“The Korea Free Trade Agreement would create a level playing field for bourbon. The 20 percent tariff on bourbon would be eliminated immediately upon entry into force, while South Korea's tariffs on all other categories of U.S. spirits, such as vodka, gin, rum, etc., will be eliminated over five years after implementation… According to the U.S. International Trade Commission, full implementation of the agreement could generate more than 3,700 new jobs in Kentucky alone.”
- Eric Gregory, President of the Kentucky Distillers’ Association, Louisville Courier-Journal Op-ed, April 10, 2011
“If America fails to get and stay in the game, our exporters will lose not only new opportunities in foreign markets, but increasingly lose current business as their foreign competitors face fewer and fewer trade barriers. For example, without the [U.S.-Korea Free Trade Agreement], U.S. pork producers would be priced out of South Korea’s market within a decade and lose $215 million in annual sales.”
- Ed Gerwin, Senior Fellow for Trade and Global Economic Policy at Third Way, and Jon Cowan, President of Third Way, Wall Street Journal Op-ed, April 6, 2011
"As members of the New Democrat Coalition, we believe America needs a strong and proactive trade agenda to maintain our leadership in the global economy."
- New Democrat Coalition letter to President Obama Urging Swift Action on KORUS, April 4, 2011
“By the president's own measure, [the Colombia, Korea, and Panama Free Trade Agreements] will create up to 250,000 jobs for American workers and do not require a dime of new federal spending. These pro-growth agreements will create American jobs, bolster important allies, and confirm that America is not ready to cede its global leadership role in trade. They will generate billions of dollars in new American exports within a few short years.”
- Rep. Rodney Frelinghuysen (R-NJ), New Jersey Daily Record Op-ed, April 4, 2011
“…[T]he U.S.-Korea Free Trade Agreement will benefit the Connecticut economy and lead to job creation in several very important ways: 1) Koreas $1 trillion economy will become more open to U.S. goods and services thru simplified and expedited customs procedures which will enable Connecticut businesses to reach Korean customers more quickly and with less red tape…”
- Paul Pirrotta, President of Paul Pirrotta International, Hartford Business Journal Letter to the Editor, March 28, 2011
“Korea is the ninth largest market for U.S. aerospace exports, so [the KORUS FTA] would have a significant impact on Kansas's largest industry — aviation — whose exports have decreased 28% since 2008. We cannot afford to sit on the sidelines while our competitors move forward. It is time for President Obama to get behind these trade agreements so Congress can pass them, open more markets and create the jobs America desperately needs.”
- Sen. Jerry Moran (R-KS), Wall Street Journal Letter to the Editor, March 19, 2011
“The Korea FTA creates incredible new export opportunities for American goods and services. It has the support of business. It has the support of labor. Democrats and Republicans support it. And the Administration saysit’s ready to submit the implementing legislation. No obstacles remain. We should be moving the Korea FTA. Now.”
- Rep. Jim McDermott (D-WA), Opening Statement at House Ways and Means Hearing on Free Trade Agreements, March 17, 2011
“The vital importance of South Korea to our economy, our national security, and our diplomatic influence on the Pacific Rim needs no explanation. This (U.S.-Korea) FTA alone could substantially increase U.S. employment and further strengthen the crucial economic ties with this brave ally, which is central to our defense of the region. It is hard to find a more dramatic record in history of a nation that has risen from the ashes of destruction to become a vibrant democracy and economic power. We simply must move forward on this Korean FTA.”
- Gen. Barry McCaffrey (Ret.), President of BR McCaffrey Associates, LLC, Testimony at House Ways and Means Hearing on Free Trade Agreements, March 17, 2011
“The [South Korea] agreement, once passed by Congress, will increase American economic output by more than our last nine free trade agreements combined. California businesses would greatly benefit from this agreement which the President is committed to seeing though.”
- Francisco Sanchez, Under Secretary of Commerce and International Trade, San Francisco Chronicle Op-ed, March 2, 2011
“[T]rade agreements eliminate tariffs, barriers and controls on trade so that consumers and producers in the market, not governments, determine what we import and export.”
- Daniel Griswold, Director of the Center for Trade Policy Studies at the Cato Institute, Washington Times Op-ed, March 2, 2011
“[This] (U.S.-Korea Free Trade) Agreement will over a period of time eliminate most, if not all, of those tariffs, which will create enormous opportunity for us. It could increase access to American products in Korea by $1.8 billion…Every billion dollars of ag trade generates 8- to 9,000 jobs, and when we do $135 billion worth of trade, that translates into hundreds of thousands of people who were employed off the farm, creating a more revived economy.”
- Agriculture Secretary Tom Vilsack, Agricultural Outlook Forum 2011, March 24, 2011
“Intel joins many other businesses, large and small, across multiple industries in urging prompt Congressional approval of the U.S.-Korea free trade agreement. Such action could be the first bipartisan success of this new Congress and a signal to the American people and business owners that Washington has their best economic interest at heart.”
- Peter Cleveland, VP of Global Public Policy at Intel Corp, San Jose Mercury News Op-ed, March 6, 2011
“President Obama announced the conclusion of a trade agreement with South Korea that, according to estimates by the U.S. International Trade Commission, will support tens of thousands of American jobs and boostannual exports of American goods by up to $11 billion.”
- Francisco Sanchez, U.S. Under Secretary of Commerce for International Trade, Miami Herald Op-ed, March 2, 2011
“By lowering trade barriers with countries that have particularly strong economic ties to New Jersey, policymakers can boost state exports, create jobs and set a long-term path to prosperity. KORUS is just such a barrier-buster.”
- Mark Grier, Vice Chairman of Prudential Financial, , New Jersey Star-Ledger Op-ed, January 27, 2011
“[T]here is one thing that Congress and the administration can do quickly to boost job growth and demonstrate that bipartisan cooperation: Ratify the U.S.-Korea Free Trade Agreement.”
- Michael Holston, Executive VP and General Counsel of HP, The Hill Op-ed, January 27, 2011
“The way forward is clear: Mr. Obama must make good on his pledge in last year's State of the Union address to push for congressional approval of free-trade deals with Colombia, Panama and South Korea.”
- Dan Kleckner, Chairman of Truth About Trade and Technology, Washington Times Op-ed, January 22, 2011
“America cannot expand its manufacturing base without greatly increasing the volume of goods it sells overseas. That is why I applaud the free-trade agreement recently concluded between the United States and South Korea, which will eliminate barriers to U.S. exports and support export-oriented jobs.”
- Jeffrey R. Immelt, Chairman and Chief Executive of GE, Washington Post Op-ed, January 21, 2011
“KORUS will boost GDP by at least $12 billion through expanded exports and create more than 70,000 American jobs.Successful implementation of KORUS will not only create jobs but will save jobs. A Chamber of Commerce study found that failure to enact KORUS would cost more than 340,000 American jobs and cut $35 billion in exports.”
- Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce, Bellingham Herald (Bellingham, WA) Op-ed, January 6, 2011
“Congress must quickly pass the South Korea trade deal and existing trade accords must be completed. The U.S. needs to get back in the game on trade, as we are losing ground to competitors. Opening additional global markets will provide smallbusiness owners with growth opportunities. The bulk of U.S. exporters are small to mid-sized firms — increased market access means more business for our entrepreneurs.”
- Karen Kerrigan, President and CEO of the Small Business & Entrepreneurship Council, Daily Caller Op-ed, January 6, 2011
“Opening up new markets for U.S. producers, farmers, service providers and investors is essential for spurring growth and creating new job opportunities for both union and nonunion workers here at home. The three markets with which we have pending free-trade agreements — Colombia, Panama and South Korea — represent 96 million consumers and $1.8 trillion in economic activity. The opportunity for U.S. job creators is enormous, so the delay in the agreements’ consideration is unjustifiable.”
- Rep. David Dreier (R-CA), Politico Op-ed, January 5, 2011
"President Obama, Vice President Biden and their administration gave the labor movement, and particularly the UAW, an opportunity to be part of the discussions about this agreement. Working in collaboration with the Obama Administration, Congressman Levin, Congressman Dave Camp, and top management from the auto companies, especially Alan Mulally of Ford, we believe an agreement was achieved that will protect current American auto jobs, that will grow more American auto jobs, that includes labor and environmental commitments, and that has important enforcement mechanisms."
- UAW statement on U.S.-Korea Free Trade Agreement, December 6, 2010
Ways and Means Committee Chairman Sander M. Levin (D-MI) issued the following statement today in response to the announcement of an agreement on critical changes to the pending trade agreement between the U.S. and South Korea: “The changes announced to the U.S. – Korea Free Trade Agreement (FTA) today are a dramatic step toward changing from a one-way street to a two-way street for trade between the U.S. and South Korea. These changes represent an important opportunity to break open the Korean market for U.S. businesses and workers and boost American manufacturing jobs, particularly in the automotive sector."
- U.S. Rep. Sander Levin, D-MI, Statement on KORUS FTA Supplemental Agreement, December 3, 2010
“I commend the efforts of the U.S. and Korean negotiators in reaching today’s significant milestone. While work remains to secure Congressional support for the agreement, today’s announcement represents an important step in strengthening the economies of our two countries. The FTA will reinforce America’s ties not only with South Korea but throughout Asia, produce significant potential economic benefits and create good-paying jobs here in the United States. ACE will continue to work with the Obama Administration and Congress to demonstrate the benefits of the agreement and seek legislative approval.”
- Statement by Evan G. Greenberg, ACE Ltd. Chairman and CEO, December 3, 2010
KORUS represents a major step forward for life insurers. It contains the strongest and most promising commitments ever achieved for our industry in an FTA. The agreement would open the door for U.S. insurers to introduce new and innovative life insurance and retirement security products to South Korean consumers. The South Korean insurance market is the eighth largest in the world. But the market has long been dominated by government-owned companies. These advantaged competitors have enjoyed privileges that put private sector companies at a disadvantage. KORUS would limit these privileges by subjecting all insurance providers to the same set of regulations.
- ACLI Statement on KORUS Agreement, December 3, 2010
“This trade agreement will spotlight U.S. products and encourage the acceptance of American technology, which is good for our country, our company and our Korean allies,” says AGI CEO Paul Graziani . “Our hope is that our commercial software products will help Korea ramp up quickly in the global space race and allow them to inter-operate with the broader international space community.”
- AGI Supports Passage Of U.S.-Korea Free Trade Agreement, December 3, 2010
"American International Automobile Dealers Association President Cody Lusk has issued the following statement regarding the trade agreement reached today between representatives of the United States and South Korea. “America’s international brand nameplate dealers are pleased to see this trade pact, which has been in limbo for more than three years, near completion. Our economy, and specifically our auto industry, benefits greatly from trade. Now, more than ever, we need to be active and engaged participants in the global marketplace. This trade agreement, once finalized, will provide jobs, products, and renewed sense of partnership to both the United States and South Korea.”
- American International Automobile Dealers Association statement on KORUS agreement, December 3, 2010
“AIA is thrilled that the US and Korea were able to come to terms over this historic trade agreement,” said David Snyder, AIA vice president and associate general counsel. “Moreover,we were pleased to see the Obama administration give this trade agreement the consideration it deserved, given its critical financial importance to both countries.”
- American Insurance Association Applauds KORUS Trade Agreement, December 3, 2010
“This agreement with Korea underscores our long-term commitment to free trade and free markets,” said Amway Chairman Steve Van Andel, “and will allow Amway to save millions of dollars in one of our most important markets. Phasing out the tariffs allows us to offer distributors and customers more competitive pricing, and further strengthens our business through increased market share.”
- Amway Supports U.S. Korea Trade Agreement, December 3, 2010
“The American Farm Bureau Federation is pleased the U.S. and Korean governments have come to an agreement that will allow the U.S.-Korea Free Trade Agreement to move forward. We are optimistic that what has been agreed to will allow the FTA to reach the steps of Congress for passage. Farm Bureau has been a strong advocate for passage of the agreement and urges President Obama to send the implementing language to Capitol Hill as soon as possible.”
- American Farm Bureau Federation Statement on U.S.-Korea FTA, December 3, 2010
“AMI supports the free trade agreement between the United States and South Korea announced by President Obama this evening and urges the Congress to ratify it at its earliest opportunity,” said AMI President and CEO J. Patrick Boyle. Boyle noted that South Korea is already a major market for U.S. meat. Pork exports in 2010 are expected to exceed $150 million, making South Korea the fifth largest export market for pork. The tariff reduction schedule for pork will further strengthen the U.S. position in this important and growing market. Beef exports continue to grow, from 233 metric tons valued at $612,000 in 2006 to 56,000 metric tons valued at $56 million in 2009. Through the first nine months of the year, exports to South Korea are up 136 percent in volume and 181 percent in value over the same period last year.
- American Meat Institute Applauds Free Trade Agreement, December 3, 2010
“We are pleased that the U.S. and South Korean governments have been able to resolve the outstanding issues that hindered bringing this vital trade agreement to a close. The ongoing commitment to promote competition and encourage investment in global markets is crucial for companies like AT&T that are working tirelessly to meet the global 21st century communications needs of the customers we serve. AT&T looks forward to working with administration officials and the Congress to bring this important agreement to final completion.”
- AT&T Response to the Resolution of Outstanding Issues Regarding the US-Korea Free Trade Agreement, December 3, 2010
Representing its member companies Chrysler Group LLC, Ford Motor Company and General Motors Company – appreciates President Barack Obama, Ambassador Ron Kirk and the office of the United States Trade Representative’s hard work to reach a deal improving the auto provisions of the pending Korea Free Trade Agreement. AAPC and its member companies support this agreement. “We value the efforts of President Obama, Ambassador Kirk and the USTR negotiating team to revise the text of the agreement and thereby helping improve U.S. access to the Korean auto market,” AAPC Acting President Charles Uthus said.
- American Automotive Policy Council Statement on KORUS FTA, December 3, 2010
"Although Ellicott Dredges has already enjoyed success exporting to Korea, the FTA will give U.S. manufacturers increased access to a dynamic Asian market,” said Peter Bowe, President of Ellicott Dredges. Bowe further noted that “the KORUS FTA will help give us an advantage over foreign competitors by reducing tariffs currently placed on our products exported to Korea. This will increase our sales in Korea and grow our business in America."
- Baltimore's Ellicott Dredges Calls for Passage of the U.S.-Korea Free Trade Agreement, December 3, 2010
“The Korean economy is dynamic and presents tremendous opportunities for the sale of American manufactured goods, agricultural products, and services. We urge Congress to make ratification of the U.S.-Korea Free Trade Agreement a top priority. Doing so will spur the kind of export-driven economic activity we need to create American jobs—an important goal of the Administration under its National Export Initiative.”
- Boeing CEO Jim McNerney Statement On US-Korea Free Trade Agreement, December 3, 2010
“This agreement is a U.S. jobs creator. It sets the stage for a dramatic increase in U.S. exports of manufactured goods, agricultural products and services to a dynamic and growing Korean economy,” said Jim McNerney, Chairman, President and CEO of The Boeing Company and Chairman of Business Roundtable’s International Engagement Initiative. “American workers, farmers and businesses all benefit when we remove barriers that prevent them from selling their products abroad. The U.S.-Korea Free Trade Agreement will do just that, and we urge Congress to make its ratification a top priority.”
- Business Roundtable Hails Breakthrough on U.S.-Korea Trade, December 3, 2010
“The breakthrough achieved today by U.S. and Korean negotiators paves the way for this vital trade pact to be sent to, and approved by, Congress,” said Gary Shapiro, CEO of the Consumer Electronics Association (CEA). “CEA represents over 2,000 of the world’s most cutting-edge technology companies, two-thirds of which are engaged in international trade. This agreement is vital for U.S. businesses to remain competitive and to create American jobs, which are the source of our innovation.”
- CEA Applauds Negotiators for Agreement on the Korea-U.S. Trade Agreement, December 3, 2010
"We congratulate President Obama and President Lee Myung-bak on this historic accomplishment and wish to recognize U.S. Trade Representative Ron Kirk and Korea Trade Minister Kim Jong Hoon for their professionalism and determination in making this trade agreement a reality," said Caterpillar Chairman and CEO Doug Oberhelman. Caterpillar has long advocated for free trade citing the opening of foreign markets as key to increasing exports and promoting economic growth.
- Caterpillar Applauds Korea - U.S. Free Trade Agreement, December 3, 2010
“We congratulate President Obama and President Lee on reaching an agreement which brings this important trade agreement closer to ratification in the U.S. Congress, and we extend our deepest thanks to both Administrations. Chevron looks forward to continue working to ensure expeditious Congressional approval,” said Mike Wirth, Chevron’s executive vice president, Downstream and Chemicals.
- Chevron Welcomes U.S. – Korea Free Trade Announcement, December 3, 2010
“I applaud President Obama and President Lee on the tremendous leadership they’ve shown in reaching a final agreement on the Korea-US Free Trade Agreement (FTA), which will bring significant economic benefits to America’s financial, manufacturing, services and farming sectors. Expanding trade and investment flows is a key factor in driving economic growth, and the FTA between our two counties will help to create much-needed jobs as America continues on the road to economic recovery.”
- Citigroup CEO Vikram Pandit Statement on the U.S.-Korea Trade Agreement, December 3, 2010
Ed Gresser, the DLC's president and long-time director for Trade and Global Markets, said: "This agreement's conclusion offers the United States a big opportunity for growth through exports in the coming years, solidifies the foundation of the U.S.-Korean alliance at an especially challenging moment, and also sends a powerful signal of American ability to shape the future of the Asia-Pacific economy."
- DLC Applauds Conclusion of U.S.-Korea Free Trade Agreement Negotiations, December 3, 2010
“This agreement will result in significant and immediate benefits for the U.S. distilled spirits industry, following legislative approval in both countries,” said Distilled Spirits Council Senior Vice President Christine LoCascio, who noted that Korea’s 20% ad valorem tariff on Bourbon and Tennessee Whiskey—the leading U.S. spirits exports—will be eliminated immediately upon implementation of the agreement.
- Distilled Spirits Council Press Release on completion of KORUS FTA talks, December 3, 2010
Dow Corning chairman and CEO Dr. Stephanie A. Burns applauded today's announcement of a U.S. and South Korean free-trade deal that the Obama administration hopes will increase American exports by billions of dollars annually. "This is a major milestone in helping the United States regain sustainable economic strength," said Burns, who in July was appointed by President Obama to the President's Export Council, a public/private sector advisory committee that advises the President on international trade strategies. "This agreement demonstrates the Administration's willingness and commitment to opening new markets for American goods, boosting our exports, and leveling the playing field for American workers."
- Dow Corning CEO Praises US-South Korea Free Trade Deal, December 3, 2010
On behalf of the membership of the Emergency Committee for American Trade (ECAT), ECAT Chairman Harold McGraw III, Chairman, President, and CEO of The McGraw-Hill Companies, applauded today’s announcement that the United States and Korea had reached agreement on outstanding issues that will now allow both countries to move to implement the U.S.-Korea Free Trade Agreement: “ECAT applauds the leadership of the United States and South Korea that has led to this long-sought breakthrough on the U.S.-Korea Free Trade Agreement (FTA). Tough issues were on the table and both countries were able to bridge differences and reach an agreement that will benefit both economies.
- ECAT Applauds U.S. and Korean Leadership for Achieving Breakthrough on U.S.-Korea Trade Agreement, December 3, 2010
"For the United States, this trade agreement will yield exports, and those exports will yield jobs. Such negotiated agreements are key to competitiveness in what is clearly a global marketplace. The United States has been a party to fewer than twenty of the hundreds of bilateral and regional trade agreements that exist around the world today. That has to change, and this agreement is a critical part of a move in the right direction."
- Ernst & Young Statement on the United States - Korea Free Trade Agreement, December 3, 2010
Michael Dailey, President and CEO of Fabworx Solutions, made the following statement regarding the Federal Government’s announcement today to move forward on the U.S.-Korea Free Trade Agreement (FTA): “Fabworx Solutions supports a U.S.-Korea FTA. Fabworx is a US-based manufacturer and an exporter to countries like Korea, China, Japan, and Taiwan. It is our belief that FTAs between the U.S. and other countries benefit sales for our company and facilitate seamless business transactions abroad.”
- Fabworx Solutions Statement on the U.S.-Korea FTA, December 3, 2010
“The Roundtable believes the United States’ economic interests are served best by promoting open and fair trade among all nations,” said Steve Bartlett, President and CEO for the Financial Services Roundtable. “We applaud the leadership of both President Obama and U.S. Trade Representative Ron Kirk in reaching a final agreement on the Korea-U.S. Free Trade Agreement and look forward to swift ratification and implementation.”
- Financial Services Roundtable Applauds White House on U.S.-Republic of Korea Free Trade Agreement, December 3, 2010
“For centuries, societies have learned that trading increases prosperity. A free trade agreement with South Korea will benefit both our countries, and I am pleased that the President took the time to get the best deal for American workers. We will see the benefits of expanded free trade with South Korea in increased exports from the U.S., and enhanced purchasing power for our citizens.”
- Honeywell Statement on U.S.-South Korea Free Trade Agreement, December 3, 2010
"IBM welcomes news that the United States and Korea have reached agreement to move forward with the Korea-US Free Trade Agreement, or KORUS. This agreement contains new, ground-breaking provisions that will facilitate free trade in information technology services, software, and goods. It will strengthen overall economic links with an important U.S. trading partner, and will increase digital trade with an important growth market for IBM. IBM congratulates the U.S. and Korean governments on this important agreement, and looks forward to supporting passage of KORUS implementing legislation in the U.S. Congress early in 2011.” - Christopher Padilla, Vice President, Governmental Programs, IBM
- IBM Statement on KORUS FTA Resolution, December 3, 2010
JPMorgan Chase Chairman and CEO Jamie Dimon released the following statement today regarding the Korea-US Free Trade Agreement: “We applaud President Obama and President Lee for their leadership in moving forward with the Korea-US Free Trade Agreement. Their commitment will provide the needed momentum to ensure swift approval and implementation of the agreement by both governments. “Implementation of this agreement with Korea will provide great opportunities for U.S. workers, businesses and farmers to increase exports and provide expanded services in this key market. We strongly support passage of this agreement. Increasing export and business opportunities through the lowering of tariff barriers and increased market access is critical to our nation's economy. Today’s announcement is an important step in achieving the goal of doubling exports in five years, as well as helping to fuel the overall economic recovery.”
- JPMorgan Chase Statement on on Korea-US Free Trade Agreement, December 3, 2010
“We believe in free trade because it is the engine that powers U.S. sales and expansion overseas. With FTAs, small companies like ours will expand and grow. Without them, we will never make inroads to markets that could benefit from our innovative products” said Arthur Aveling, President and CEO of King Arthur’s Tools. “Trade agreements lower duties on our exports, which would ultimately make our products more affordable in other countries. This is especially true in Korea where duties for American-made goods are very high.”
- King Arthur’s Tools Press Release on KORUS FTA Resolution, December 3, 2010
“Now is the time to eliminate trade barriers and create a more efficient global marketplace for small and medium enterprises in America by passing the market-opening KORUS FTA. We commend the leadership of the U.S. and Korean governments to overcome the challenges that have delayed consideration and implementation of this landmark deal,” said Jim Berlin, CEO of Logistics Plus. “We are one step closer to the finish line and one step closer to generating more jobs and economic growth in America.”
- Logistics Plus Statement on KORUS FTA Resolution, December 3, 2010
MetLife, Inc. Chairman, Chief Executive Officer, and President C. Robert Henrikson praised those involved saying, “Today’s announcement is possible thanks to the unwavering commitment of both governments to overcome barriers to economic growth. By addressing regulatory obstacles to the Korean market, this FTA is a significant opportunity for American businesses and Korean consumers.”
- MetLife Lauds U.S., Korean Agreement Supporting American Jobs and Exports, December 3, 2010
“We commend Presidents Obama and Lee for making the U.S.-Korea Free Trade Agreement a significant foreign policy priority and working bilaterally to advance this initiative. Korea is an important trading partner and the U.S.-Korea FTA enhances U.S. market access, provides robust protections for U.S. intellectual property and facilitates legitimate online commerce,” said Bob Pisano, President and Interim CEO of the MPAA. “This agreement is a victory for the U.S. motion picture and television industry and the creative men and women whose livelihoods depend on it, and we support its prompt ratification.”
- Motion Picture Association of America Praises White House Announcement on U.S.-Korea Free Trade Agreement, December 3, 2010
“Congratulations to President Obama and President Lee of South Korea on their final agreement to the U.S. – Korea Free Trade Agreement (FTA). Microsoft has been a steadfast supporter of this precedent-setting agreement with South Korea, the United States’ 7th largest trading partner. Today’s news signals that trade agreements will be an important part of a renewed U.S. strategy to create jobs, eliminate trade barriers and strengthen global economic ties. This agreement contains trade rules that will boost the competitiveness of U.S. technology companies and promote economic growth and job creation in the United States.”
- Microsoft CEO Steve Ballmer Statement on the U.S.-Korea Trade Agreement, December 3, 2010
The National Association of Manufacturers (NAM) President John Engler issued the following statement on today’s announced deal on the U.S.-Korea Free Trade Agreement (KORUS FTA): “Manufacturers congratulate President Obama and U.S. Trade Representative Ron Kirk for their tireless efforts to reach this agreement, which is critical for manufacturers in America and means jobs, jobs and jobs. It was important to manufacturers to improve the auto provision, and we are pleased to see it has been addressed. We are anxious to work with the Administration to get this agreement to Congress for action.
- National Association of Manufacturers: Korea Trade Agreement Is Significant Step Forward for Jobs and Competitiveness, December 3, 2010
The National District Export Council, Inc., re-affirms its support for passage of a Free Trade Agreement between the United States and South Korea. We urge the President and Congress to move forward with an accord as expeditiously as possible.
- National District Export Council Statement on KORUS FTA Resolution, December 3, 2010
The Chair of our Globalization Initiative, Dr. Robert Shapiro, and I issued the following statement tonight: We congratulate the Obama Administration and the South Korean government on today’s announcement on the U.S.-Korea Free Trade agreement. This agreement is in the interests of both the American and Korean people and their economies. South Korea’s strong growth has long made it an attractive economic partner, and we are pleased that that the American people and businesses will have better access to the South Korean market.
- NDN Statement on the US-South Korea Trade Agreement, December 3, 2010
"The KORUS FTA has long been a policy priority of the U.S. business community, and the NFTC commends U.S. and Korean negotiators' commitment to resolving market access issues with respect to autos," said NFTC President Bill Reinsch. "The FTA will play a critical role in strengthening our economic partnership with Korea, as well as our decades-long strategic alliance."
- National Foreign Trade Council Welcomes Conclusion of KORUS FTA Negotiations, December 3, 2010
The National Potato Council welcomes President Obama’s announcement today that negotiations between the United States and Korea on the pending U.S.-Republic of Korea Free Trade Agreement have reached a successful conclusion. “We recognize and applaud the hard work to get to this point and look forward to working with the Administration and the Congress to gain approval of the agreement,” said John Keeling, Executive Vice President and CEO of the National Potato Council.
- National Potato Council Statement on KORUS FTA Negotiations, December 3, 2010
“We’ve worked particularly hard the past several years to get a good deal for U.S. pork in the FTA with South Korea,” said Carney. “We had that but to get a final agreement, we needed to give a little, we needed to take one for the team. This is still a good deal for us.” At NPPC’s insistence, the United States had negotiated in the agreement that was signed June 30, 2007, a zero tariff rate on most pork products going into South Korea effective Jan. 1, 2014, the same date Chile’s pork and 30 months before the European Union’s goes to a zero duty. Chile’s FTA with South Korea was implemented in 2004; the EU’s agreement will be in force July 1, 2011.
- National Pork Producers Council (NPPC) Press Release on KORUS FTA Resolution, December 3, 2010
The Pharmaceutical Research and Manufacturers of America (PhRMA) President and CEO John Castellani released the following statement on the breakthrough in the talks on the Korea-U.S. FreeTrade agreement: “PhRMA welcomes the progress made on the pending Korea-U.S. Free Trade Agreement. This agreement recognizes the 60 years of partnership between our two countries and the important national security ties that we share. PhRMA has long viewed the Korea-U.S. Free Trade Agreement as a terrific opportunity for Korean patients to access biopharmaceutical medicines produced in the United States. With rising living standards and increasingly sophisticated access to information, Korean patients, like patients everywhere, want access to the most advanced medical treatments.”
- PhRMA Lauds Breakthrough in the Korea-U.S. Free Trade Agreement Talks, December 3, 2010
Kimberly A. Smith, Marketing Manager of The Pipe Line Development Company (PLIDCO), the world’s leading supplier of products for pipeline repair and maintenance, made the following statement in response to President Obama’s announcement to move forward on the U.S.-Korea Free Trade Agreement (FTA): “We commend President Obama and President Lee for their leadership in successfully reaching an agreement on the outstanding issues that have held up enactment of the U.S.-Korea FTA. This agreement is a vital step towards creating American jobs by expanding exports to our country’s 7th largest trading partner. We are one step closer to the finish line and one step closer to generating more jobs and economic growth in the United Sates.”
- Pipe Line Development Company Statement on the U.S.-Korea FTA, December 3, 2010
John Muncaster, President and CEO of Polyguard Products, a Texas-based manufacturer that specializes in protecting structures from moisture, corrosion, and contaminants, issued the following statement on President Obama’s announcement today on moving forward with the U.S.-Korea Free Trade Agreement (KORUS FTA). Polyguard has exported to Korea since 2007, and its business continues to expand there. “Polyguard Products applauds President Obama and President Lee for their leadership in reaching a final agreement on the KORUS FTA and urges Congress to make jobs and economic recovery their number one priority by passing the KORUS FTA, a budget neutral economic stimulus plan that would boost exports overseas and generate employment in America.”
- Polyguard Welcomes Breakthrough on KORUS FTA, December 3, 2010
“We eagerly await the ratifying of the U.S.- Korea Free Trade Agreement as it would reduce tariffs and give us a chance to sell into the Korean market,” said Sandra Westlund-Deenihan, President of Quality Float Works, Inc. “Adopting a free trade agreement with Korea would offer a tremendous avenue to continue our success in the global marketplace,” said Jason Speer, Vice President and General Manager of Quality Float Works, Inc. “This agreement has the potential to create tens of thousands of new American jobs and boost U.S. exports and GDP by billions of dollars.”
- Quality Float Works, Inc. Calls For Timely Action On KORUS FTA, December 3, 2010
“We are extremely pleased that a breakthrough has been reached that will hopefully permit the rapid consideration and ratification of the Korea-US Free Trade Agreement. This agreement has already been publicly endorsed by various organizations, unions and businesses in the entertainment sector. International markets are vital to US companies and workers, and we strongly support the negotiation of trade agreements that protect intellectual property, lower market access barriers to U.S. creative products and services, and promote legitimate electronic commerce.”
- Recording Industry Association of America Statement on KORUS FTA Resolution, December 3, 2010
The Securities Industry and Financial Markets Association today released the following statement from President and CEO Tim Ryan after the United States and the Republic of Korea agreed to a free trade agreement. “Today’s agreement on a U.S.-Korea free trade agreement underscores the United States’ commitment to furthering economic growth and opportunity by reducing the barriers that deter competition and investment. Trade agreements such as this are an economic win-win-fueling local industries and economies as well as presenting new opportunities for investors.”
- SIFMA Applauds US-Korea Free Trade Agreement, December 3, 2010
President of Third Way, Jonathan Cowan, issued the following statement: “Third Way applauds the Administration’s hard work in successfully resolving the outstanding issues with the Korea Free Trade Agreement. The Korea trade deal will break down countless trade barriers that have kept America’s competitive products and services from the lucrative Korean market. It will add billions to U.S. growth and thousands of new U.S. jobs and will aid America’s short term recovery and long term economic expansion. The agreement will also solidify America’s ties with a long-time economic and strategic partner, and underscore American commitment to peace and prosperity in the vital Asia-Pacific region.”
- Third Way Applauds Administration for Success in US-Korea Free Trade Agreement, December 3, 2010
As a company that provides export strategy to U.S. businesses, we firmly believe that the KORUS FTA could make all the difference in the world for U.S. products that currently face steep tariffs, regulatory barriers, and unfair tax laws,” said Kevin Kraft, President of Tradewinds Global. “Congress should immediately approve this agreement so that small businesses like ours can thrive and compete fairly in the global marketplace.”
- Tradewinds Global of Hawaii Applauds Movement on U.S.-Korea FTA, December 3, 2010
The new Congress should make passage of the Korea-U.S. free trade agreement (KORUS) an immediate and urgent priority, according to U.S. Chamber of Commerce President and CEO Thomas J. Donohue, who welcomed the news that negotiators have effectively addressed lingering concerns regarding bilateral trade.“This agreement will create thousands of new jobs, advance our national goal of doubling exports in five years, and demonstrates that America is once again ready to lead on trade,” Donohue said. “The administration has done its part. Now it’s time for the new Congress to make passage of KORUS a top priority in January.”
- U.S. Chamber’s Donohue Urges New Congress to Swiftly Pass Korea-U.S. FTA, December 3, 2010
We are pleased that the U.S. and Korea are moving toward finalization of the Korea FTA,” stated USCIB Chairman Harold McGraw III (Chairman, President and CEO of The McGraw-Hill Companies). “The business community pledges to do its utmost to secure swift Congressional approval of this agreement which will lead to growth and jobs in both countries.
- U.S. Council for International Business Welcomes Progress on U.S.-Korea Trade Agreement, December 3, 2010
This is a breakthrough that brings us one step closer to implementing the KORUS FTA," said Bill Rhodes, chairman of the U.S.-Korea Business Council and senior advisor, Citi. “Implementation of this agreement, with the United States’ seventh-largest goods trading partner, is a national priority. It promises to support jobs and bolster economic growth across the United States. It will also advance U.S. economic competitiveness in Asia at a time when our key markets there are integrating their economies without us.”
- U.S.-Korea Business Council Urges Swift Ratification of KORUS, December 3, 2010
“The Coalition commends President Obama and President Lee for their bold leadership in successfully overcoming the challenges that have held up consideration and enactment of the KORUS FTA,” said Laura Lane, managing director and head of international government affairs for Citigroup and a co-chair of the Coalition. “It is a huge step forward towards generating jobs needed across America by boosting exports to one of our country's most important overseas markets. We applaud the U.S. and Korean negotiating teams for their tireless efforts to find the way forward.”
- U.S.-Korea FTA Business Coalition Praises Breakthrough on KORUS, December 3, 2010
"South Korea has the 14th largest economy in the world and the increase in trade that will come from this agreement means more jobs, more global competitiveness and an anchor for U.S. economic engagement in Asia,” said Scott Davis, UPS’s chairman and CEO and a member of the President’s Export Council. "South Korea is our seventh largest trading partner and we need to protect and expand that relationship. I’m also hopeful now that we can turn immediately to completion of other pending trade agreements."
- UPS Applauds Agreement on U.S.-Korea Free Trade Deal, December 3, 2010
United Technologies Corp. Chairman & Chief Executive Officer Louis Chenevert made the following statement today upon announcement of a free trade agreement between the United States and Korea. "Today's news regarding a final U.S.-Korea Free Trade Agreement is a positive development for the U.S. economy. U.S. exports and international trade are powerful generators of economic growth and can help spur economic recovery in the United States," Chenevert said.
- United Technologies Corporation Applauds U.S. Trade Agreement With Korea, December 3, 2010
“Walmart applauds the Administration for resolving the outstanding issues in the U.S. – Korea Free Trade Agreement. We believe that the agreement will lower trade barriers and create a more level playing field for U.S. services and manufacturing exports. We look forward to working with the Administration and Congress to secure passage of the Korea agreement, as well as the pending free trade agreements with Panama and Colombia in the near future.” - Sarah Thorn, Senior Director of Government Relations and International Trade.
- Walmart Statement on U.S. - Korea Free Trade Agreement, December 3, 2010
“The completion of the U.S.-Korea Free Trade Agreement is another step in the right direction to ensure the expansion of American export opportunities, which can help stimulate the economy and sustain long-term growth for large and small businesses. In addition, the agreement will open new markets for U.S. goods and services and create more jobs for American workers. As Vice Chair of the President’s Export Council (PEC), I am encouraged that the administration moved swiftly on one of the PEC’s first recommendations, and I join other business leaders and the Obama Administration in urging swift bipartisan approval by the U.S. Congress.”
- Xerox’s Ursula Burns on the U.S.-Korea FTA, December 3, 2010
“The goal of improving market access for American farmers, entrepreneurs and manufacturers is one that the President and I share. We both agree that increasing markets overseas through trade agreements will create good jobs that are greatly needed at this time of high unemployment. I intend to support a strong agreement and am hopeful that with a more balanced Congress, we will see renewed support for this, and the other trade agreements that have been languishing for the past two years.”
- Senate Minority Leader Mitch McConnell’s Remarks on KORUS FTA, December 3, 2010
“KORUS represents an opportunity to reaffirm our commitment to fair and open markets, and for the new Congress to demonstrate that in spite of today¹s highly polarized political environment, bipartisan cooperation in the national interest remains attainable. New export opportunities in South Korea for U.S. companies will generate good paying American jobs and contribute to our economic recovery. Moreover, this agreement delivers an important message to an ever closer ally and the region at a time of uncertainty on the Korean Peninsula.”
- Chairman John Kerry On U.S.-Korea Free Trade Agreement, December 3, 2010
“Today's announcement is a positive development and it is my hope it signals President Obama's intention to submit the United States-South Korea Free Trade Agreement to Congress early next year.”
- Senator Saxby Chambliss’ Remarks on KORUS FTA, December 3, 2010
“South Korea is Washington’s fifth largest export market, meaning any new trade agreement will spur new job and economic growth in our state,” said Senator Cantwell. “Passage of the U.S.-Korea Free Trade Agreement would have enormous benefits for Washington, by making many U.S. food products duty-free – such as our world-class wheat, cherries, wine, and potatoes.”
- Sen. Cantwell Hails Progress Toward U.S.-Korea Free Trade Agreement, December 3, 2010
“The time is now, the final terms of this agreement need to be hammered out so it can be finalized,” said Johanns. “I encourage President Obama to quickly finalize and transmit this long-awaited agreement to Congress. The agreement has collected dust for more than three years while European nations have gained a competitive advantage. It is long overdue that Congress has the opportunity to ratify this bilateral agreement with our important ally.”
- Sen. Johanns Applauds U.S.-Korea Free Trade Agreement Progress, December 3, 2010
"I am very gratified that this agreement has finally been reached after more than four years of negotiations between our two countries. The U.S.-Korea Free Trade Agreement will bolster the U.S. economy and send a strong signal to our ally, the Republic of Korea, and the rest of the region that the United States will follow through on its commitments and remain deeply engaged in East Asia.?The Free Trade Agreement provides American businesses with new export opportunities to Korea and will support job protection and growth in the United States."
- Senator Jim Webb’s Remarks on KORUS FTA, December 3, 2010
“I am encouraged by the latest developments on the U.S.-Korea Free Trade Agreement and look forward to reviewing this agreement and its potential to increase markets for Hoosier and U.S. made goods, services and agricultural products,” said Lugar, the Ranking Member of the Senate Foreign Relations Committee. “Overseas markets are a key to economic recovery. Implementation of this agreement has the potential to lead to greater opportunities, and I encourage the Administration to transmit this agreement to Congress for its review and approval.”
- Senator Lugar’s Remarks on U.S.-Korea Trade Agreement, December 3, 2010
The free-trade agreement announced today between the United States and South Korea is long overdue and an important step for our economy and for getting people back to work . Not only will it result in more opportunities for American companies to compete and create jobs, but it will also ensure that America will continue to be a leader in the global economy by making exports more competitive in the region.
- Rep. Eric Cantor Statement on U.S. - South Korea Free Trade Agreement, December 3, 2010
“I’m pleased to hear the Obama Administration’s announcement that it has reached a deal on the U.S.-Korea Free Trade Agreement. This is an important step forward to expand the reach of American exports, which will help create more American jobs. It also helps strengthen our ties to a dependable democratic ally that fosters prosperity and stability in Asia and enhances our economic and national security. The FTA also includes important changes to ensure that workers’ rights and the environment are protected.”
- Rep. Steny Hoyer Statement on U.S.-Korea Free Trade Agreement, December 3, 2010
Rep. Camp: “This is a big win for American employers and workers. I want to thank the President and his negotiating team for working closely with me to reduce the barriers our domestic auto industry faces today and get the best deal possible. The agreement concluded today will give meaningful market access to U.S. auto companies and support good-paying jobs in the United States. Not only will this agreement ensure that job-creating U.S. exports are competitive in this vital market, it will – along with other ongoing trade talks in the region – provide us with a critical counterbalance to China’s growing influence.
Rep. Brady: “Today’s announcement is a critical step toward increasing American competitiveness and creating jobs here at home. South Korea is a key ally and trading partner to the United States, and this agreement will strengthen our relationship and add billions to the U.S. economy through increased exports. I look forward to working with the Administration, my colleagues in Congress, and other stakeholders to move the agreement forward as part of a robust trade agenda next year.”
- Camp, Brady Statement on US – South Korea Free Trade Agreement, December 3, 2010
“Northern Virginia, with its robust international business presence, including more than 50 Korean-owned firms, stands poised to capitalize on this new trade agreement, which will further spur job creation and business opportunities,” Connolly said. “After initial review of the agreement, it is clear that the U.S. Trade Representative made new headway for U.S. industries preparing to enter the Korean market.” Connolly said, “I look forward to working with my colleagues on both sides of the aisle to ensure that this deal passes Congress. The economic and strategic opportunities are too good to pass up.”
- Rep. Gerry Connolly: Korea Trade Agreement Good for Northern Virginia, December 3, 2010
"I am pleased that the United States and South Korea have come to terms on this long overdue trade agreement. South Korea is already the United States seventh largest trading partner, the eighth largest export market and a critical destination for U.S. goods and services exports that support American jobs. The agreement concluded today is especially important for Hoosiers because it will give critical market access to U.S. auto companies and support good-paying jobs in Indiana."
- Rep. Burton Applauds Trade Agreement with South Korea, December 3, 2010
“Today’s announcement that a deal has been reached on the Free Trade Agreement between Korea and the U.S. represents a significant milestone in our nations’ long-standing, strategic relationship. South Korea is not just a friend, but an indispensable U.S. ally. And what was once a relationship rooted in U.S. foreign policy and security has now expanded to being a cornerstone of U.S. economic policy as well...I urge my colleagues in Congress to join me in support of the Korea-U.S. FTA and call for swift approval of this agreement.”
- Congressman Crowley Welcomes Korea-U.S. Free Trade Agreement, December 3, 2010
“President Obama’s announcement that a deal has been reached on the proposed trade agreement with Korea is an important step in strengthening the U.S. economy. South Korea is one of the United States’ largest trading partners and closest allies in the region. This agreement will strengthen our relationship and bolster the U.S. economy by expanding export of U.S. products and creating jobs here at home.”
- Representative Allyson Schwartz Statement on U.S.-Korea Free Trade Agreement, December 3, 2010
“By removing barriers to market access, the KORUS FTA will level the playing field for American manufacturers, increase U.S. exports and produce new opportunities for long-term business development in American industries as diverse as financial services, auto manufacturing and agriculture.”
- Rep. Roskam Praises Agreement on U.S.-South Korea Trade Accord, December 3, 2010
“Today’s announcement by the President about the U.S.-South Korea free trade agreement is an important milestone for an agreement that has languished since its signing in June 2007,” Reichert said. “I applaud the efforts that have allowed us to reach this point. Opening new markets is a no-cost, proven stimulus that is essential to job creation. Each day we fail to implement this agreement is another missed opportunity to create hundreds of thousands of American jobs. Passing the KORUS FTA is vital to our nation’s economic recovery, re-engagement in the Asia-Pacific region, and addressing security challenges on the Korean Peninsula. I look forward to working with Ambassador Kirk, my colleagues in Congress, and advocates across the country, to broaden support for this agreement.”
- Rep. Reichert Statement on Successful Conclusion of Korea FTA Negotiations, December 3, 2010
"This is a major breakthrough for the U.S. economy and American workers," stated Herger. "With unemployment on the rise and economic recovery in the U.S. stalled, free trade agreements like this one will provide a much needed boost for businesses to sell more goods and services and help support and create jobs here at home. This is especially good news for Northern California, one of the richest agricultural regions in the world, which will benefit directly from increased agriculture exports to South Korea as a result of lower tariffs and the elimination of barriers to U.S. exports.”
- Rep. Wally Herger Statement on U.S.-Korea Free Trade Agreement, December 3, 2010
“We pursue reverse trade missions and comparable programs because trade is a contact sport. As President Obama noted, ‘We have to seek new markets aggressively, just as our competitors are. If America sits on the sidelines while other nations sign trade deals, we will lose the chance to create jobs on our shores.' …The Administration’s key priorities include the U.S.-Korea Free Trade Agreement and the Trans Pacific Partnership, which will provide new opportunities in the Pacific for American workers and companies.”
- Robert Hormats, Under Secretary of State for Economic and Agricultural Affairs, Huffington Post Op-ed, September 6, 2010
“…[W]e are squandering export opportunities with other nations. Three fully negotiated free-trade agreements – with South Korea, Colombia and Panama – have languished in Congress for more than two years. If these policies don’t change, Americans will continue to suffer needlessly.”
- Elaine Chao, Former U.S. Secretary of Labor, Wall Street Journal Op-ed, September 2, 2010
“…(reaffirms) Ambassador Ron Kirk’s commitment to negotiating tough bargains, ensuring that when America gives other countries the privilege of free and fair access to our market, U.S. businesses will get the same treatment in theirs. President Obama just asked Congress to ratify the pending Korean free trade agreement this year, and he is also committed to seeing the Colombian FTA ratified.”
- Francisco Sanchez, Under Secretary of Commerce for International Trade, Wall Street Journal Letter to the Editor, July 24, 2010
“With our unemployment reaching 9.5 percent, concrete steps need to be taken – and political muscle exerted – to ensure that the Colombia, Panama, and South Korea agreements win congressional approval. In the Spring of 2009, President will run the show.”
- Susan Segal, President, Americas Society and Council of the Americas, Huffington Post Op-ed, July 22, 2010
"This agreement will benefit the people of both our countries, boosting commerce, growing our economies, creating good-paying jobs….South Korea is already America's seventh largest trading partner, with two-way trade and goods alone reaching nearly $70 billion last year. And we believe this is only the beginning of our shared economic potential. As President Obama said at the G20 recently, we are committed to getting the free trade agreement passed."
- Secretary of State Hillary Clinton, Republic of Korea and U.S. Foreign and Defense Ministers Meeting, July 21, 2010
“It should be emphasized that the KORUS FTA is an agreement between two mature economies, and has the potential to strengthen commercial and trade ties between our countries. New export opportunities can generate good-paying American jobs and contribute to our economic recovery. Critical sectors of the U.S. economy, including manufactured goods, technology, services, and agriculture, will grow through expanded trade with our seventh-largest trading partner.”
- 10 U.S. Senators, Letter to President Obama, July 20, 2010
"It's been a long and frustrating (and bloody exhausting... ) seventeen months for American trade policy. But on the margins of last month's G-20 summit, President Barack Obama at last committed to complete the Korea-US Free Trade Agreement (KORUS).”
- Evan A. Feigenbaum, Senior Fellow, Council on Foreign Relations, Forbes Op-ed, July 18, 2010
“The European Union later this year could ratify a trade agreement with South Korea that would lower tariffs on its exports to the Asian nation. On Capitol Hill, meanwhile, a free-trade agreement with South Korea languishes; like similar agreements with Colombia and Panama, this trade deal is largely the victim of politically influential labor unions and their hold on leading House Democrats.”
- Nina Easton, Senior Editor at Large, Fortune, CNN Op-ed, July 15, 2010
“Congress has yet to act on free-trade agreements with Colombia, Panama and South Korea, which would reduce tariffs on U.S. farm goods sold to the three nations. If enacted, these pending agreements would level the playing field for U.S. goods.”
- Rep. Wally Herger (R-CA), California Farm Bureau Federation Op-ed, July 14, 2010
“The president has also said that millions of American jobs can be created by doubling U.S. exports in five years, and we agree. We can start by immediately passing three pending free trade agreements with Colombia, Panama and South Korea and reviving global trade talks known as the Doha Round.”
- Thomas Donohue, President and CEO, U.S. Chamber of Commerce, The Hill Op-ed, July 14, 2010
“Decisive and quick progress on the Korea agreement is especially vital given that the European Union and Korea have signed their own trade pact which, once implemented, will put U.S. companies and their workers at an even greater disadvantage.”
- 12 U.S. CEOs, Letter to President Obama, July 14, 2010
“We must continue reducing barriers to free and fair trade. We should adopt the free trade agreements that have already been negotiated with Colombia, Panama, South Korea and other nations around the world. We should also insist that other countries reduce their own barriers to trade so that American goods can find new markets.”
- Marco Rubio, U.S. Senate candidate, TIME Op-ed, July 13, 2010
“Increased exports mean more jobs for American workers and more dollars in American pockets…The U.S. has much to gain from not only the Colombian trade agreement, but from those signed with Panama and South Korea as well. All three are badly in need of congressional approval, but first they have to be submitted to Congress by the president.”
- Sen. Mike Johanns (R-NE), Wall Street Journal Op-ed, July 12, 2010
“If signed into law, (the KORUS FTA) would clarify how U.S. farmers and agricultural businesses conduct sales to Cuba and remove long-standing travel restrictions, which together have significantly constrained wheat growers' market share there.”
- Alan Tracy, President, U.S. Wheat Associates; Dana Peterson, CEO, National Association of Wheat Growers; Statement, July 12, 2010
“The list of products that will gain from improved access to the Korean market under the FTA is long and includes most bulk commodities and a broad range of high-value agricultural products. Failure to implement the agreement would not only prevent us from taking advantage of this large and growing market, it would cede our market share to competitors that already have in place or are negotiating their own FTAs with Korea.”
- 42 Agricultural Associations, Letter to House and Senate Leaders, July 8, 2010
“All studies by not only government, but also non-government organizations, indicated it would have a dramatic improvement for both countries. Bilateral trade would increase over $10 to $20 billion per year, increase the U.S. GDP by $10 billion a year. So all the studies show it would be a direct economic benefit to the United States.”
- Bruce Klinger, Northeast Asia Expert, The Heritage Foundation, Voice of America Article, July 1, 2010
“Our partners and competitors are moving forward with negotiating new free trade agreements and enacting other policies to boost exports, and the U.S. is being left behind. America needs to enact policies to make it easier for U.S. companies to reach new markets.”
- American Farm Bureau Federation (AFBF), the Coalition of Service Industries (CSI) and the National Association of Manufacturers (NAM), July 1, 2010
“…[E]xpanding free trade and opportunities for commerce is critical during this difficult time of economic recessions…Now is the time for a free trade agreement with South Korea and I urge the majority in Congress to put aside partisan interests and pursue what is in the best interests of the United States, South Korea and the entire Pacific region.”
- Rep. Charles Djou (R-HI), Statement, June 30, 2010
“Both sides will benefit; Korea has already agreed to reduce tariff rates on 95% of all consumer and industrial products, improve transparency and intellectual property rights protection, and address standards and regulations. The U.S. side has agreed to open its markets further to Korean agriculture and cars. These are the cornerstones of a strong future relationship.”
- Anthony Kim, Policy Analyst, Center for International Trade and Economics, The Heritage Foundation, Wall Street Journal Op-ed, June 30, 2010
“Passing the US-Korea Free Trade Agreement has the potential to create thousands of American jobs and continue a partnership with a democratic ally that has a strong record on labor rights and environmental protection.”
- Rep. Dave Reichert (R-WA), WSFA 12 News Press Release, June 30, 2010
“(We) look forward to working with the administration and Congress on an agreement that provides meaningful market access for our manufacturers, that shows rapid growth of American-made automobiles sold in Korea...A well-negotiated U.S.-Korea Free Trade Agreement represents the last, best chance to open the Korean market to imported automobiles.”
- Ford Motor Company, Detroit News Release (Statement), June 29, 2010
“Implementing (the KORUS FTA) will provide a powerful boost to U.S. exports to one of the world’s most dynamic economies, and it will drive job creation across many sectors of the U.S. economy.”
- Jim McNerney, Chairman, President and CEO, Boeing; Ursula Burns, Chairman and CEO, Xerox; Press Release, June 29, 2010
“The Korean-U.S. Free Trade Agreement will significantly benefit the U.S. economy and create U.S. jobs, and we welcome this important initiative by the Obama Administration.”
- Glenn Tilton, Chairman and CEO, United Airlines, Press Release, June 28, 2010
“For the sake of American jobs, it is more important than ever that we move quickly to bring (the KORUS FTA) into effect. It will stimulate new growth and send a strong signal of reassurance to Korea and our allies in Asia that the United States is committed to the region’s security and prosperity.”
- William Rhodes, Chairman, U.S.-Korea Business Council, Press Release, June 28, 2010
“The Korea FTA will reduce and eliminate trade and investment barriers and will set in place important new disciplines and mechanisms to promote a stronger and more transparent rules-based system for America’s farmers, manufacturers, service providers, and their workers.”
- Calman J. Cohen, President, Emergency Committee for American Trade, Press Release, June 28, 2010
“We welcome…the Administration’s desire to continue negotiations on the Korea Trade Agreement. The New Dems have longed encouraged the Administration to move forward and resolve outstanding issues with pending agreement to better protect American goods an services in the global marketplace, boost competitiveness for American business, expand opportunities for American workers, and strengthen our national security.”
- New Democrat Coalition, Statement, June 28, 2010
“Among the potential economic benefits, the KORUS FTA provides states with new export opportunities designed to generate jobs…The fulfillment of the KORUS FTA will demonstrate the maturity and strength of this relationship.”
- Sen. Jim Webb (D-VA), Statement, June 28, 2010
“Once (the KORUS FTA) is passed by Congress, the implementation of this FTA will represent a major step toward reaching the goal of doubling U.S. exports within five years.”
- Sen. Blanche Lincoln (D-AR), Statement, June 28, 2010
"South Korea has the 14th largest economy in the world and the increase in trade that will come from this agreement means more jobs and more global competitiveness for the two countries. South Korea is our seventh largest trading partner and we need to protect and expand that relationship."
- Scott Davis, Chairman and CEO, United Parcel Service, Press Release, June 28, 2010
"We have seen time after time that Caterpillar exports increase following the enactment of trade agreements with other countries, and I would expect the same thing to happen with South Korea.”
- Jim Owens, Chairman, Caterpillar, Peoria Journal Star, June 28, 2010
“KORUS would eliminate many of the regulatory and economic barriers that have prevented American businesses from achieving their full potential in the booming South Korean economy, the tenth largest in the world. Moreover, the precedent established by KORUS would serve as a model for trade agreements with other growing Asian economies, potentially securing America’s role as a major trading partner throughout the vital Pacific Rim.”
- Frank Keating, President and CEO, American Council of Life Insurers, Statement, June 28, 2010
“The KORUS FTA is the most commercially significant agreement in 16 years, and with the president’s goal of doubling exports and creating two million U.S. jobs in five years, ratification of the FTA is part of achieving that objective.”
- Bill Reinsch, President, National Foreign Trade Council, Press Release, June 28, 2010
”The free trade agreement with South Korea would provide landmark opportunities for U.S. soy, meat, and poultry exports. The agreement is very positive because it will further open South Korea's market to U.S. exports of soybeans and soy products.”
- Rob Joslin, President, American Soybean Association, Press Release, June 28, 2010
“This agreement will strengthen our commercial ties, create enormous potential economic benefits and create good-paying jobs here in the United States. It will also help solidify further our longstanding alliance with the people of South Korea and be a fitting tribute to our enduring friendship 60 years after the start of the Korean War.”
- Evan Greenberg, Chairman and CEO, ACE Limited, Statement, June 28, 2010
“The KORUS agreement is particularly significant as it sets a new and higher standard for a market that is commercially and strategically very important.”
- David Snyder, Vice President, American Insurance Association, Press Release, June 28, 2010
“Ratification of the Korea FTA would solidify market access in this important and growing market for U.S. companies, providing a boost to employment at home and to U.S. competitiveness overall…At a time when we are facing the prospect of a double-dip recession along with major public-sector financial difficulties in many nations, such an agreement would provide much-needed stimulus to the global economy, and would help lay the foundation for sustained recovery and growth.”
- Jonathan Huneke, Vice President of Communications, United States Council for International Business, Statement, June 28, 2010
“If implemented, the KORUS FTA would reduce Korea’s current tariff from 40 percent to zero over fifteen years. The U.S. beef industry would see $15 million in new tariff benefits in the first year alone, with about $325 million in tariff reductions annually once fully implemented…If KORUS enters into force, Korea could eventually be a one billion dollar market for U.S. beef producers.”
- Steve Foglesong, President, National Cattlemen’s Beef Association, Statement, June 28, 2010
“There is broad recognition in the U.S. Congress of the vast potential economic benefits of the FTA and its job creation potential, and concerns about the agreement focus mostly around a few issues that could be resolved in a side letter rather than holding the entire agreement hostage.”
- Former U.S. Senator and Secretary of Defense William Cohen, Chairman, Cohen Group, Korea Herald Op-ed, June 27, 2010
“The KORUS is one of the most significant bilateral trade agreements that has been negotiated. Korea is a very large and very dynamic economy. The agreement gives our services companies access to that market that they need to expand their sales there.”
- Bob Vastine, President, Coalition of Service Industries, Statement, June 27, 2010
“It is the right thing to do for our country, it is the right thing to do for Korea. It will strengthen our commercial ties and it will create enormous potential economic benefits to create jobs.”
- President Barack Obama, Joint Press Conference at G-20 Summit, June 26, 2010
“Against a backdrop of 10 percent domestic unemployment and fresh signs that our nation is at risk of losing its competitive edge, it’s that clear we must embrace every opportunity to eliminate unnecessary barriers to fair and open trade. The U.S. free trade agreement with South Korea is by far the most commercially relevant among the pending agreements before Congress today. It complements the Trans-Pacific Partnership negotiation and is a win-win for both manufacturing and service-based industries.”
- Dean Garfield, President and CEO, Information Technology Industry Council, Statement, June 26, 2010
“Every day these agreements languish, American-made goods and services face unnecessary tariffs and other trade barriers — costing Americans market access and jobs here at home…I urge all parties to come to the table in good faith so that we may reach agreement and open a significant new market in the Asia Pacific for American products and services. Korea is an important security and trading partner to the U.S.”
- Reps. Dave Camp (R-MI) and Kevin Brady (R-TX), Statement, June 26, 2010
“We’re pleased to see the Administration is moving forward on international trade…International trade and investment is key to improving our nation’s competitiveness and to helping create export-driven jobs for American workers.”
- John Castellani, President and CEO, Business Roundtable, Statement, June 26, 2010
“Furthermore, if America stands still on trade, we risk falling behind…Other countries, such as the European Union and Canada, have completed free trade agreement negotiations with a number of countries. We share your belief that the pending agreements with South Korea, Colombia, and Panama can bring significant economic and strategic benefits…”
- 50 Members of Congress, Bipartisan Letter to President Obama, June 23, 2010
“The U.S. International Trade Commission estimated that (the Colombia, Panama and South Korea FTAs) would increase U.S. exports by at least $12 billion, which, under the administration’s own calculations, would create 250,000 jobs…Our failure to act on the U.S.-Korea agreement will be especially detrimental given the size of the Korea market.”
- Rep. Wally Herger (R-CA), Sacramento Bee Op-ed, June 19, 2010
“If the U.S. trade agenda remains inactive, other countries will move ahead and pursue trade agreements that put U.S. exporters at a competitive disadvantage in world markets. On this score, the Obama administration should work to end the stalemate in Congress on the trade agreements with Colombia and South Korea.”
- Douglas Irwin, Professor of Economics, Dartmouth, Wall Street Journal Op-Ed, June 17, 2010
“(The Colombia, Panama, and Korea FTAs) would boost our agriculture producers by lowering tariffs and other barriers and, according to the U.S. Chamber of Commerce, would together lead to an increase in American exports by more than $40 billion…If we are serious about doubling American exports, and we should be, passing the trade agreements and pressing our trading partners to treat our exports fairly will constitute a giant leap toward that goal.”
- Sen Mike Johanns (R-NE), The Hill Op-ed, June 15, 2010
“It is estimated that the United States will loose more than 380,000 jobs if our government fails to implement our pending trade agreements with Colombia, Panama and South Korea, and other countries move in with more price-competitive exports. This fact isn't just posturing; while the agreements dither in Washington, the European Union and Canada are moving ahead and have implemented or are negotiating their own agreements with these countries.”
- John Schmitt, President and CEO, Naperville Area Chamber of Commerce, Naperville Sun Op-ed, June 10, 2010
“I think we need to be part of the globalized economy. I think trade is an important source of demand for our goods, and also a source of materials and imports as well. So I think that, generally speaking, we ought to push forward on the Doha Round and on the free-trade agreements that we’re looking at.”
- Ben Bernanke, Federal Reserve Chairman, Yonhap News Agency Press Release, June 10, 2010
“An important step would be to submit the pending U.S.-Korea Free Trade Agreement to Congress for approval…With 95 percent of the world’s consumers living outside U.S. borders, it should be clear to U.S. policymakers that a key component of any policy designed to return America to strong economic growth and job creation is to forge the trade agreements that will maximize our potential to sell our products abroad.”
- Ronald Crockett, Partner, Shook Mobile Technology, San Antonio News-Express Op-ed, June 4, 2010
“Every day that we fail to act on these trade agreements, American businesses, farmers and workers are losing out to our international competitors. If the President is serious about doubling our nation’s exports over the next five years and confronting our near ten percent unemployment rate then he needs to stop listening to big labor and take action on these trade accords.”
- Sen. Orrin Hatch (R-UT), Letter from 16 Republican Senators to President Barack Obama, June 1, 2010
“The pact, which makes economic sense for both countries, has been sitting for three years now waiting for congressional action. It is a victim of mostly (although not exclusively) Democratic Party fears that what may make economic sense would hurt politically come November. The Obama administration has not made its passage a legislative priority. But it should be, not simply to create jobs, but to send a much-needed signal of solidarity with an ally at a time of true need.”
- Richard Haas, President, Council on Foreign Relations, Wall Street Journal Op-ed, May 28, 2010
“These free trade agreements eliminate tariffs on American made exports and thus allow American companies to compete. Trade agreements grow our exports and create thousands of American jobs.”
- Gary Shapiro, President and CEO, Consumer Electronics Association, Washington Times Op-ed, May 20, 2010
“An important first step the administration could take is to submit the pending United States-Korea Free Trade Agreement to Congress for approval…South Korea has proven to be a lucrative market…The longer the United States puts its trade policies on hold, the more we put American companies in danger of losing market share in vital, growing markets throughout the world.”
- Peter Bowe, President, Ellicott Dredges, Baltimore Sun Op-ed, May 19, 2010
“Thomas Donohue, president of the U.S. Chamber of Commerce, remarked at his State of the World Trade speech at the National Press Club on May 14 that ‘the United States could suffer $40 billion in lost export sales if it failed to implement the Colombia and South Korea agreements…All sides agree export-led growth is an important driving factor for U.S. economic prosperity. The time is now.”
- Ana Guevara, President, Aventi Associates, Miami Herald Op-ed, May 19, 2010
“Congress’ approval of these agreements would fortify your export strategy, correct trade imbalances that hurt U.S. exporters and provide the U.S. economy with an automatic stimulus. The U.S. GDP would grow $2.5 billion with the Colombian deal and $10 billion with South Korea.”
- Technology Industry Association, Letter to President Barack Obama, May 19, 2010
“American agriculture and rural America particularly stand to gain if Congress approves pending trade agreements between the U.S. and Colombia, Panama, and South Korea. According to one analysis of the pending agreements, it is estimated that U.S. agricultural exports would gain more than $815 million in Colombia, $195 million in Panama, and $1.8 billion in South Korea.”
- Reps. Skelton (D-MO), Moran (D-VA) and Reyes (D-TX), Letters to President Barack Obama and Speaker of the House Nancy Pelosi, May 11, 2010
“The KORUS FTA contains the highest standards to date on labor and environmental concerns, and Korea has a strong record in both these areas…The U.S. International Trade Commission estimated in September 2007 that U.S. merchandise to Korea would increase by $10-12 billion as a result of the KORUS FTA and that services exports would expand. The potential for innovation through competition and collaboration is also immense.”
- Sen. John Kerry (D-MA) and Sen. Richard Lugar (R-IN), Bipartisan Letter to President Obama, May 7, 2010
“Passage of [the Panama, Colombia and South Korea FTAs] will show the world we're open for business, create immediate exports and related jobs, and it would also strengthen the economies of three important allies.”
- Jim Owens, Chairman and CEO, Caterpillar, Inc., Wall Street Journal Op-ed, May 3, 2010
“Trade with Korea is the most pressing issues and serves as a model by which we could and should act with all of our trading partners around the world…Congress has the ability to level the playing field and open the Korean market to our products if they would just get down to business and get it done."
- Steve Foglesong, President, National Cattlemen’s Beef Association, Statement, May 1, 2010
“Bilateral and multilateral agreements that expand international trade would be a powerful economic driver here at home…In short, the United States, which was once ahead in providing a competitive advantage to its exporters and workers through trade agreements, is now at risk of falling behind…Action on these FTAs and some other down the line is absolutely imperative, in my view, for our nation.”
- James McNerney, Chairman, President and CEO, The Boeing Company, Speech at the Woodrow Wilson International Center for Scholars, April 22, 2010
“South Korea has the fourth-largest economy in Asia. The European Union has signed a trade agreement with Korea. The International Monetary Fund projects that more than half the global economic growth in the next dozen years or so will come from the Asian Pacific region… The auto and steel industries, and unions, complain about Korean import barriers in opposing the agreement. Yet overall Korean tariffs that would be affected by the deal are about three times greater than the U.S. tariffs.”
- Albert Hunt, Washington Editor, Bloomberg Op-ed, April 4, 2010
“It can transform this area. It will allow Alabama to become one of the leaders in per capita income growth….Free trade is a reality. We can either reject it or embrace it. If we embrace it, you will see an amazing transformation of this entire area.”
- Alabama Governor Bob Riley, Montgomery Advertiser, April 1, 2010
“The reduction of South Korean tariffs would add $10 billion to annual exports of merchandise. The South Korean agreement would immediately eliminate or phase out tariffs and other trade restrictions on a number of agricultural products. Nearly two-thirds of U.S. agricultural exports to South Korea -- including corn, soybeans, wheat, and cotton -- would become duty-free upon enactment…At a time of rising deficits and widespread unemployment, trade continues to generate revenues and jobs for the United States. Increasing our nation's trade opportunities will not only create jobs, it will also help businesses grow at home and enhance relationships abroad.”
- Rep. Adrian Smith (R-NE), McCook Daily Gazette, April 1, 2010
“Some of my colleagues, because of the economy, have created walls of protectionism in their districts or certainly in their minds and hearts. I'll do everything I can do, along with our two senators, to make sure the Alabama congressional delegation is a leader in making this agreement a reality.”
- Rep. Jo Bonner (R-AL), Mobile Press Register, March 31, 2010
“Passage of the U.S.-Korea (KORUS) FTA would mean $15 million in tariff benefits for beef in the first year of the agreement alone, with about $325 million in tariff reductions once fully implemented. And with other countries, such as Australia, negotiating FTAs of their own with South Korea, immediate passage of KORUS is more important than ever.”
- Steve Foglesong, President, National Cattlemen’s Beef Association, Washington Times Op-ed, March 19, 2010
“We are also seeking to resolve outstanding issues on the Colombian, Korean, and Panamanian Free Trade Agreements in an effort to move those forward at the appropriate time. Those agreements have the potential to generate significant economic and strategic benefits for the United States.”
- U.S. Trade Representative Ron Kirk, Speech at the National Press Club, March 9, 2010
“The FTA is more than just a trade agreement, however. It has important implications for broader U.S. economic and geostrategic goals in Asia. Implementation of the agreement would advance economic reforms in Korea that, by spurring new growth in Korea’s market, will create new opportunities for U.S. business there.”
- William R. Rhodes, Chairman, U.S.-Korea Business Council, Wall Street Journal Op-ed, March 18, 2010
“Such agreements increase U.S. imports, but virtually all of them substantially favor the United States in job terms because the partner countries maintain much higher trade barriers than we do… Implementation of the Colombia agreement and the pending pact with Korea would save about 300,000 U.S. jobs, one recent study concluded.”
- C. Fred Bergsten, Director, Peterson Institute for International Economics, Washington Post Op-ed, March 3, 2010
“Passing the already negotiated trade agreements with Colombia, Panama and South Korea—and stopping trade barriers against key partners like China—are critical to increasing U.S. exports and related investment and jobs.”
- Matthew Slaughter, Associate Dean and Professor, Dartmouth, Wall Street Journal Op-ed, March 3, 2010
“We have to seek new markets aggressively, just as our competitors are. If America sits on the sidelines while other nations sign trade deals, we will lose the chance to create jobs on our shores…. And that's why we'll continue to…strengthen our trade relations in Asia and with key partners like South Korea and Panama and Colombia.”
- President Barack Obama, State of the Union Address, January 27, 2010
“…We need to get off the dime when it comes to free trade agreements, which eliminate barriers to U.S. products and services overseas. Congress is currently sitting on three excellent agreements that would greatly benefit our economy and create jobs. If we fail to approve deals with Korea, Colombia and Panama, we will not only miss opportunities to create new jobs — we will lose existing ones.”
- Tom Donohue, President and CEO, U.S. Chamber of Commerce, The Hill Op-ed, January 19, 2010
“Open the doors to trade…Now is the time for aggressive pursuit of opportunities for new markets for American goods, not insular retrenchment.”
- Former Massachusetts Governor Mitt Romney, USA Today Op-ed, January 7, 2010
“We believe the administration and Congress want the United States to be able to compete fairly and on a level playing field. That is why trade agreements – especially for agriculture – should not be treated as political footballs. They are about ensuring an adequate and affordable global food supply, as well as about jobs, economic security and balance-of-trade issues.”
- Alan Tracy, President, U.S. Wheat Associates, Washington Times Op-ed, December 16, 2009
“Instead of trying to erect protectionist walls around our country, America should embrace the multitude of opportunities that abound in today's international free-market economy. It is difficult if not impossible to expand the U.S. economy without opening new markets for our exports.”
- Alabama Governor Bob Riley, Washington Times Op-ed, December 9, 2009
“Thankfully there is a way to create jobs without spending a dime of taxpayer money. How do we create these free jobs? By passing the three pending free-trade agreements with Colombia, Panama and South Korea. These free-trade agreements will help make U.S. companies more competitive globally, increase their profitability and allow them to hire new American workers and help grow the economy.”
- Rep. Aaron Schock (R-IL), Chicago Tribune Op-ed, December 4, 2009
“If American leaders are serious about growing our economy and creating jobs, the trade debate must be revived. There are millions of consumers we cannot reach because of this silence — a silence American workers can’t afford.”
- Kevin M. Burke, President and CEO, American Apparel & Footwear Association, Roll Call Op-ed, November 23, 2009
“Time is of the essence. For decades, the Asia-Pacific region has been an engine for growth in the United States and around the world, and we need to move as quickly as possible to make sure this growth continues,” Cantwell said. “I am confident President Obama will keep the momentum going toward a ratified U.S. – South Korea Free Trade Agreement. There is no question that Congress must work with the President to get this done.”
- Senator Maria Cantwell (D-WA), Press Release, November 19, 2009
“It is imperative that the United States build on this already strong relationship with the Republic of Korea by approving a Korea-United States Free Trade Agreement. Approving a Korea-United States Free Trade Agreement will enhance both economies by growing markets for both U.S. and Korean goods and services, creating jobs in both countries, and will strengthen an already strong relationship with one of the most important allies of the United States in the East Asian region.”
- Senator Johnny Isakson (R-GA), Congressional Record, November 18, 2009
“Korea is a strong democratic ally and signing an economic trade agreement with them would not only be beneficial to the American people, but it would have a substantial positive economic impact on Washington state as well.”
- Rep. Adam Smith (D-WA), Press Release, November 12, 2009
“We must secure legislative passage for pending agreements with Colombia, Panama and Korea…Liberalizing global trade is an opportunity to generate the economic growth that will help to finance these initiatives. It is also an opportunity for the U.S. to affirm its position as a leading and competitive trading nation.”
- Harold McGraw III, Chairman, President and CEO, The McGraw-Hill Companies, Chicago Tribune Op-ed, September 25, 2009
“Quite a few Americans believe that defeating new trade agreements and gutting existing ones would protect American jobs and stabilize our economy…The reason is that our economy is richer as a result of globalization. At a time when economic growth is flat at best and unemployment is approaching 10 percent, we need every instrument available to stimulate job growth.”
- David Rockefeller, Former Chairman, Chief Executive, Chase Manhattan Bank, New York Times Op-ed, September 20, 2009
“For ranchers, however, the big prize is South Korea. Its population is only a little larger than Colombia's, but the country is wealthier, and it imports much more beef…We would sell U.S. beef to Koreans like never before. Closer economic ties might also make it easier to negotiate tricky details, such as encouraging Korea to raise its cattle-age restriction from 20 months to 30 months.”
- Carol Keiser, Owner, Cattle Feeding Operations in Kansas, Nebraska and Western Illinois, Forbes Op-ed, August 11, 2009
“Once the FTA takes effect, 95 percent of two-way trade in consumer and electronic goods will become duty-free within three years. Nearly two-thirds of U.S. agricultural products will be duty-free immediately. The FTA provides strong legal protection that U.S. exporters and investors need to do business…The FTA will boost U.S. annual exports to South Korea by $10 billion to $12 billion a year. It will tie the United States more tightly into the broader East Asian market and stimulate the U.S. economy at no fiscal cost.”
- Myron Brilliant, Senior Vice President, International Affairs, U.S. Chamber of Commerce, Washington Times Op-ed, June 16, 2009
“In Asia, South Korea is our third largest goods trading partner and the second largest market for U.S. services. Here, again, the ITA has found that approval of the FTA would add about $10 billion to U.S. GDP and increase U.S. exports by $10–11 billion annually.”
- David Price, Former Assistant to the President and Deputy National Security Adviser, International Economic Affairs, President George W. Bush Administration, Washington Times Op-ed, March 11, 2009
