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Obama Admin. Touts NAFTA Style Free Trade Agreement With S. Korea

Jeff Immelt, Chairman and CEO of GE “GE congratulates the U.S. and Korean governments on concluding the U.S.- Korea Free Trade Agreement. This agreement will help create new economic opportunities for US businesses, small and large, and jobs for Americans as well as promoting broader American economic and strategic engagement in Asia. We applaud the conclusion of the agreement and urge Congress to ratify it quickly.” [12/03/2010] Jim McNerney, Chairman, President and CEO of The Boeing Company and Chairman of Business Roundtable’s International Engagement Initiative “This agreement is a U.S. jobs creator. It sets the stage for a dramatic increase in U.S. exports of manufactured goods, agricultural products and services to a dynamic and growing Korean economy. American workers, farmers and businesses all benefit when we remove barriers that prevent them from selling their products abroad. The U.S.-Korea Free Trade Agreement will do just that, and we urge Congress to make its ratification a top priority.” [Business Roundtable, 12/03/10] Jamie Dimon, Chairman and CEO of JPMorgan Chase “We applaud President Obama and President Lee for their leadership in moving forward with the Korea-US Free Trade Agreement. Their commitment will provide the needed momentum to ensure swift approval and implementation of the agreement by both governments. Implementation of this agreement with Korea will provide great opportunities for U.S. workers, businesses and farmers to increase exports and provide expanded services in this key market. We strongly support passage of this agreement… Today’s announcement is an important step in achieving the goal of doubling exports in five years, as well as helping to fuel the overall economic recovery.” [JPMorgan Chase, 12/03/2010]

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