Baucus Comment on New Presidential Initiative on the Korea Trade Agreement

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Baucus Comment on New Presidential Initiative on the Korea Trade Agreement

The following press release was published by the United States Committee on Finance Ranking Member’s News on June 26, 2010. It is reproduced in full below.

Senate Finance Committee Chairman Max Baucus (D-Mont.) commented today following the President's announcement at the G-20 to launch a new initiative to resolve outstanding aspects of the U.S.-Korea Free Trade Agreement before the G-20's next meeting in November. The Senate Finance Committee has jurisdiction over international trade, including Free Trade Agreements. From Chairman Baucus:

"America needs a trade agenda that will boost economic growth and create jobs in my home state of Montana and across the country. The President's announcement of a concrete plan to move the Korea agreement forward is great news for America's economy," Baucus said. "I commend the President for his announcement. This is the most commercially-significant trade agreement in more than a decade and one I have pushed hard to bring to fruition. But I've long held serious concerns about the unscientific barriers Korea has erected against American beef -- barriers that must be removed. I intend to work with both the Administration and Korea to craft a plan to fully open Korea’s market to safe and delicious American beef."

Source: Ranking Member’s News

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