In testimony Wednesday before the House Committee on Ways and Means, U.S. Trade Representative Ron Kirk announced the Obama Administration will submit the U.S. - Korea free trade agreement to Congress in the next few weeks. The submission would trigger a mandatory schedule for congressional action.
Serious issues are holding up deals with Colombia and Panama, but according to Trade Representative Kirk, the President has directed him to immediately intensify engagement with Colombia and Panama with the objective of resolving the outstanding issues as soon as possible this year and bringing those agreements to Congress for consideration immediately thereafter.
Senator Chuck Grassley, R-Iowa, points out that Kirk's announcement is the most specific timeframe the White House has offered on the South Korean agreement. Grassley says a big, new export market is exactly what U.S. producers need right now. Grassley pledged his support if and when the agreement comes to Congress.
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