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Asia Logistics Wrap: US Presidential Candidates on Foreign Affairs/Trade with Northeast Asia

October 8, 2008

FYI for those who care about US-Korean Trade. 

In comparison to Senator McCain, Senator Obama opposes the US-South Korea FTA:

“The presidential hopeful said Korea-U.S. economic relations “also benefited both nations and deepened our ties. I look forward as well to supporting ways to increase our bilateral trade and investment ties through agreements paying proper attention to our key industries and agricultural sectors, such as autos, rice, and beef, and to protection of labor and environmental standards. Regrettably, the U.S.-Korea Free Trade Agreement does not meet this standard.”

“He expressed discontent at South Korea’s import ban on bone-in cuts of American beef, the Korea-U.S. FTA’s exclusion of the rice market and the degree of opening of the auto market.

“He urged U.S. President George W. Bush to invite Lee to the White House as soon as possible to restore the “crucial” bilateral relationship. “In the process, we need to work with South Korea on a common vision for the alliance to meet the challenges of the 21st century, not only those on the Korean Peninsula but in the region and beyond.”

“”I congratulate president-elect Lee on his election, pass on my good wishes for him and the Korean people for his inauguration, and honor the Korean people for their vibrant democracy. I look forward to the opportunity to work with him in the years ahead to replenish and revitalize this crucial relationship,” he concluded.”

Source: Asia Logistics Wrap: US Presidential Candidates on Foreign Affairs/Trade with Northeast Asia

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