Wednesday, May 18, 2011

U.S. - Korea FTA Hits Roadblock


It appears that the Korean parliament and the U.S. government have something in common – roadblocks in passing the agreements. In Korea, translation errors are being blamed for the delays.  The corrected agreement may be ready for resubmission in June.

In the United States, the agreements with South Korea, Colombia and Panama are being held hostage until Congress reinstates the expanded version of the Trade Adjustment Assistance, a program designed to provide benefits for persons who lost their jobs because of competition from imports.

No comments: