Washington, DC – The National Foreign Trade Council (NFTC) today welcomed news from the Office of the U.S. Trade Representative (USTR) that Ambassador Kirk sent to the leadership of committees of jurisdiction a letter regarding the Administration’s intent to begin technical discussions on implementing legislation for the U.S.-Colombia Free Trade Agreement (FTA). The NFTC also welcomed news that the Administration will engage with Congress in the near term to advance legislation renewing the Trade Adjustment Assistance program, and will request consultations with the Korean government to discuss the existing beef protocol once the KORUS FTA enters into force. The NFTC released the following statement:
“Colombia has long been a friend and ally of the United States, and the trade agreement will not only help to boost economic growth, increase exports and support jobs in both countries; it will also formalize and cement a longstanding economic and diplomatic partnership with one of the fastest growing economies and oldest democracies in the hemisphere,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “We welcome today’s announcement by USTR, and look forward to working with Members of Congress in the coming weeks to advance a robust trade agenda that includes the ratification of the Colombia, Panama and Korea FTAs, as well as an extension of the Trade Adjustment Assistance program, the Andean Trade Preference Act to eligible countries and the Generalized System of Preferences. We are also pleased that the Administration has plans to engage in consultations with the Korean government to discuss the U.S.-South Korea beef protocol, in an effort to further open the Korean market to U.S. beef regardless of its age.”
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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