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NFTC Welcomes Announcement of March 15 Implementation Date for KORUS FTA
Date: 2/21/2012
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC– The National Foreign Trade Council (NFTC) today applauded the Administration on its announcement that the U.S.-Korea Free Trade Agreement (KORUS FTA) will enter into force on March 15, 2012. The NFTC released the following statement:

"With the KORUS FTA implementing legislation signed by the President exactly four months ago, the NFTC welcomes today's announcement and commends the Administration for working with the South Korean government toward swift implementation of this important agreement.

"Once the agreement enters into force, American companies, workers, farmers and ranchers will begin to reap the benefits of the FTA, which will increase U.S. competitiveness in a critical market, create and support thousands of American jobs and boost the U.S. economy, in addition to strengthening ties with a key geo-strategic partner.

"We urge the Administration to keep this momentum going and work as efficiently as possible to work with the Colombian and Panamanian governments to implement the U.S.-Colombia and U.S.-Panama FTAs as soon as possible."

 
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About the NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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