korea is one of the strongest in
asia.
currently south korea is our
seventh largest trading partner
in the world.
in twetch our two countries
concluded a free trade agreement
that now awaits approval by our
congress and the korean national
assembly.
in my opinion the us dushes
korea free trade agreement will
bring tremendous benefits to
both of our countries.
international trade commission
has forecast that the
elimination of tariffs and u.s.
goods under the agreement will
increase our g.d.p. by about $11
billion a year.
the agreement will also
eliminate regulatory and other
nontariff barriers that have
historically restricted access
by american farmers,
manufacturers, and service
providers.
to the south korean market with
growing difficulties, the health
of our economy proposed, in my
opinion this will be a win-win
situation.
a win for our workers, a win for
our businesses, and a win for
our consumers.
but perhaps the most compelling
argument supporting free trade
agreement with this...