News & Event
- News & Event
According to Yonhap News,
Chungbuk FTA Forum Committee said that it sent a letter to 8 members of the National Assembly, calling for ratification of KORUS FTA in a plenary session of the National Assembly.
In the letter, the committee stated that a delayed ratification of KORUS FTA will weaken a strategic partnership between the two countries, putting Korea at a disadvantage compared with other countries that signed FTAs with the US, amid a fierce competition to secure the global market.
The committee continued to say that the KORUS FTA will provide a great benefit to both countries, and companies expect the US to become an economic hub for Korea.
Source: Yonhap News (Oct. 17, 2011)
** This is an English translation of a Korean news article.