American USTR CEO “Korea-US FTA may be revised”…Different for Trump’s ‘abolition’ speech
Park Jung Il | comja77@ | 2017-09-07 11:14:09
The US Trade Representative (USTR) chief, Donald Trump, said that he wants to "make some changes to the agreement," with the controversy surrounding the possibility of the US-Korea Free Trade Agreement (FTA) being abolished.
US Trade Representative Robert Lighthizer, on the other hand, told reporters today (Saturday) that he hopes to negotiate an amendment to address issues related to the Korea-US FTA.
Lighthizer, who is visiting Mexico in order to finalize the second round of negotiations on the North American Free Trade Agreement (NAFT), said in reporters whether the Korea-US FTA could be abolished. He said, "We are having a successful discussion with Korea, I hope the problem will be solved."
It is noteworthy that the comment on the `revision negotiations` by Liehigher is different from the statement made by President Donald Trump which said, "We will debate whether to dismiss the Korea-US FTA next week".
In the United States, the voice of opposition from US politics and public opinion followed shortly after President Trump`s dismissal of the KORUS FTA.
Four members of the Senate Finance Committee and the House and Senate Finance Committee, which is under the jurisdiction of the US Trade Agreement, announced in a statement that they opposed the US-Korea FTA dismissal, saying, "The importance of a strong ROK-US alliance has emerged as a result of North Korea`s nuclear test." They added that they welcome discussions on improving the Korea-US FTA. Rep. Kevin Brady, chairman of the House and Senate Finance Committee, Orin Hatch, Democratic middle man Richard Neill, Massachusetts, and Sen. Ron Andean, Oregon.
Meanwhile, Senator Johnny Ernest of Iowa, a Republican, also sent a letter to President Trump to oppose the move.
He pointed out that the abolition of the Korea-US FTA would put our farmers at a comparative disadvantage compared to other countries that enjoy preferential trade in Korea.
Besides, Tom Donahue, chairman of the American Chamber of Commerce, made a statement saying, "The dismissal of the Korea-US FTA will not make any American jobs, and it will pay a lot of money. Manufacturing exports will be hurt by exports.”
An expert in the domestic trade industry said, "Just as Mr. Trump has attracted investment in his own country with strong remarks like the border tax, it is very likely that the recently abolished mention of the Korea-US FTA included a strategy of drawing negotiations on favorable terms."
By Park Jung Il comja77@
[ copyright ⓒ The Digitaltimes ]
US Trade Representative Robert Lighthizer, on the other hand, told reporters today (Saturday) that he hopes to negotiate an amendment to address issues related to the Korea-US FTA.
Lighthizer, who is visiting Mexico in order to finalize the second round of negotiations on the North American Free Trade Agreement (NAFT), said in reporters whether the Korea-US FTA could be abolished. He said, "We are having a successful discussion with Korea, I hope the problem will be solved."
It is noteworthy that the comment on the `revision negotiations` by Liehigher is different from the statement made by President Donald Trump which said, "We will debate whether to dismiss the Korea-US FTA next week".
In the United States, the voice of opposition from US politics and public opinion followed shortly after President Trump`s dismissal of the KORUS FTA.
Four members of the Senate Finance Committee and the House and Senate Finance Committee, which is under the jurisdiction of the US Trade Agreement, announced in a statement that they opposed the US-Korea FTA dismissal, saying, "The importance of a strong ROK-US alliance has emerged as a result of North Korea`s nuclear test." They added that they welcome discussions on improving the Korea-US FTA. Rep. Kevin Brady, chairman of the House and Senate Finance Committee, Orin Hatch, Democratic middle man Richard Neill, Massachusetts, and Sen. Ron Andean, Oregon.
Meanwhile, Senator Johnny Ernest of Iowa, a Republican, also sent a letter to President Trump to oppose the move.
He pointed out that the abolition of the Korea-US FTA would put our farmers at a comparative disadvantage compared to other countries that enjoy preferential trade in Korea.
Besides, Tom Donahue, chairman of the American Chamber of Commerce, made a statement saying, "The dismissal of the Korea-US FTA will not make any American jobs, and it will pay a lot of money. Manufacturing exports will be hurt by exports.”
An expert in the domestic trade industry said, "Just as Mr. Trump has attracted investment in his own country with strong remarks like the border tax, it is very likely that the recently abolished mention of the Korea-US FTA included a strategy of drawing negotiations on favorable terms."
By Park Jung Il comja77@