Today the Wall Street Journal reports that a delegation of South Korean lawmakers arrived in Washington yesterday to meet with Obama Administration officials and members of Congress to push for passage of the Korea Free Trade Agreement. They are warning that if the delay continues we risk the deal getting mixed up in Korean politics as their elections approach in April.
From the WSJ report:
“It could already be too late,” said Nam Kyung-pil, chairman of the foreign-affairs committee in Korea’s National Assembly, who is among a half-dozen Korean lawmakers in the delegation seeking meetings with U.S. lawmakers and administration officials. “I’m wondering why it’s not passed the Congress until now, and I want to find out.”
According to the USTIC the U.S.-Korea FTA alone will result in an $8 billion increase in exports for U.S. manufactured goods to Korea. Manufacturers continue to urge for the swift passage of all three pending FTAs which include Korea, Panama and Colombia.
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