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Pelosi: U.S. – Korea Free Trade Agreement 'Crucial Test' For Bush Administration

Location: Washington, DC

Pelosi: U.S. - Korea Free Trade Agreement 'Crucial Test' For Bush Administration

House Democratic Leader Nancy Pelosi, Democratic Whip Steny Hoyer, Ways and Means senior Democrat Charles B. Rangel (D-NY), Trade Subcommittee senior Democrat Benjamin L. Cardin (D-MD), Congressman Sander M. Levin (D-MI) and New Democratic Coalition Co-Chairman Congressman Ron Kind (D-WI) issued the following joint statement today labeling a possible U.S.-Korea Free Trade Agreement as a 'crucial test' for the Bush Administration's trade policy:

"This FTA represents a crucial test for the Bush Administration's trade policy. In the manufacturing sector, despite two past trade agreements with South Korea, its automotive market remains closed for business to American manufacturers. Now is the time for South Korea to tear down its walls once and for all. This Administration should not accept any more of South Korea's false promises.

"If this Administration fails to provide measurable and meaningful market access for the U.S. automotive sector, it cannot allow Korean autos additional access to the U.S. auto market. It is imperative that the Bush Administration stand up for this important sector by ensuring that a free trade agreement with South Korea results in a truly open market and more opportunities for U.S. automotive manufacturers to compete."

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