The Case for Free Trade

The Case for Free Trade

Amy Jackson speaking in Seoul on January 19, 2010. (Asia Society Korea Center)

SEOUL, January
19, 2010 - The time for a United States-Korea Free Trade Agreement (or KORUS FTA) is now, argued Amy Jackson, the new president of the American Chamber of Commerce
(AMCHAM) in Korea.

Appearing as the guest speaker at the Asia Society Korea Center's first monthly
luncheon of the year, Jackson shared
her insights into the KORUS FTA's prospects for approval with Asia Society
members. 

Jackson,
a former Deputy Assistant U.S. Trade Representative for Korea, has years of experience in the development and implementation of US trade policy toward Korea, and supported the launch of US-Korea free trade agreement
negotiations throughout her tenure. She is also a long-term member of the US-Korea FTA Business
Coalition. 

The United States and the Republic of Korea signed the United
States-Korea Free Trade Agreement (KORUS FTA) in June 2007. If
and when it is approved, the Agreement would be the United States' most commercially
significant free trade agreement in well over a decade. As of early 2010, the Obama Administration is trying to resolve certain concerns surrounding the KORUS FTA in the US, particularly those that have been
raised regarding automotive trade.

Explaining her view that the FTA should be approved as quickly as possible, Jackson pointed to the many comprehensive agreements Korea is negotiating or has already completed with other trading partners, whose products will compete with those from the
US. As further justification she cited the increasingly sizable presence Korean industry has in the United States, and the influential role of the Korean American population in supporting the KORUS FTA. 

February 18, 2010
by Jeff Tompkins