Senate Finance, House Ways and Means Laud KORUS Announcement

Dave Camp (R-MI) and Kevin Brady (R-TX), Chairmen of the House Ways and Means Committee and Trade Subcommittee, respectively, as well as Orrin Hatch (R-UT), ranking member of the Senate Finance Committee, lauded the U.S. Trade Representative’s announcement of a March 15, 2012 effective date for the Korea-U.S. trade agreement. All three congressmen also urged action on entry into force of the Panama and Colombia FTAs. Senator Hatch noted that he would carefully scrutinize implementation of KORUS to ensure that Korea upholds its end of the agreement. Hatch further urged President Obama to request the renewal of Trade Promotion Authority (TPA).

(See ITT’s Online Archives 12022219 for summary of USTR press release announcing March 15 effective date for KORUS. See ITT’s Online Archives 12012714 for a January 2012 update of progress on implementation of Colombia and Panama FTAs.)

For press release from the House Ways and Means Committee containing statements by Chairmen Camp and Brady, dated 02/21/12, see here. For Senate Finance Committee press release, dated 02/21/2012, see here.