Arab Today, arab today us to ok s korea trade pact this year
Last Updated : GMT 18:26:15
Arab Today, arab today
Arab Today, arab today

US to OK S. Korea trade pact this year

Arab Today, arab today

Arab Today, arab today US to OK S. Korea trade pact this year

Seoul - AFP

The US administration is committed to ratifying a sweeping free trade agreement (FTA) with South Korea this year, Secretary of State Hillary Clinton said Sunday. \"I have come here to express our strong commitment to ratifying the KORUS (Korea-US) FTA by the end of this year,\" she told the US Chamber of Commerce during a visit to Seoul. The pact will be \"one of my top priorities for the coming months\", Clinton said. The US agreement was signed in 2007 but has yet to be ratified by the two countries\' legislatures. The deal is in the \"home stretch\", Clinton said Saturday. Her timetable is less ambitious than that of US Trade Representative Ron Kirk. In January he voiced hope the deal would win approval from Congress by July 1, when a similar trade pact between the European Union and South Korea takes effect. The US-South Korea agreement, which will remove 95 percent of tariffs between the two economies, has been controversial in both countries, with the main US union confederation saying that big businesses would be the main beneficiary. But President Barack Obama\'s administration last year won over many holdouts within his camp when South Korea agreed to revisions, including slowing down the elimination of US tariffs on car imports. However, some Republicans want two other lingering free trade pacts -- with Colombia and Panama -- to be pushed through alongside the Korea deal. Clinton said the trade pact also sends a strategic message to South Korea, a close US ally where Washington bases 28,500 troops to deter North Korea. \"Korea in many ways has become a global power ... and we want to be your partner,\" she said. The United States is looking worldwide for opportunities \"to open more markets and unleash the talents of people everywhere to improve their societies and drive economic growth\", Clinton said. Currently US exports to South Korea were worth $38.8 billion a year and already supported about 230,000 American jobs, she said. \"But the truth is, we know we can do more if we can lower the barriers to trade between our countries.\" Clinton later met President Lee Myung-Bak before departing for earthquake-stricken Japan. Lee said both countries should work harder to ratify the trade deal, which would bring \"enormous economic and political benefits\". Clinton, according to a statement from the presidential palace, \"reassured Lee of President Obama\'s firm support for the trade pact, saying she would make her utmost efforts for early ratification\".

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us to ok s korea trade pact this year Arab Today, arab today us to ok s korea trade pact this year

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday