Secretary Locke and Congressional Delegation Met With Korean President Lee to Discuss U.S.-Korea Commercial Relationship
Today, Secretary Gary Locke and members of Congress met with the President of the Republic of Korea Lee Myung-Bak at the Blue House. Locke, who is leading a bipartisan congressional delegation to build support for the passage of the U.S.-Korea Trade Agreement (KORUS), reinforced the importance of the bilateral commercial relationship as part of the two countries’ historic alliance and emphasized the importance of KORUS in spurring economic growth in both the U.S. and Korea.
“Korea is a vital ally, a strong friend, and an important economic partner,” Commerce Secretary Gary Locke said. “KORUS is a win-win for both the U.S. and Korea. This agreement will strengthen our partnership and take it to the next level, by lowering tariffs and creating a more level playing field for businesses in both countries.”
The congressional delegation consists of four members from the U.S. House of Representatives – Reps. Charles Rangel (D-NY), Jim McDermott (D-WA), Joseph Crowley (D-NY) and David Reichert (R-WA).
Locke and the delegation discussed the benefits of KORUS for both the U.S. and Korea in productive bilateral meetings with Minister of Foreign Affairs and Trade Kim Sung-Hwan and Trade Minister Kim Jong-Hoon. Earlier in the day, they met with the Board of Governors of the American Chamber of Commerce in Korea, as well as top Korean business executives. Locke and the delegation also met with a diverse group of Korean university students over afternoon tea where they had an in-depth discussion about the youth perspective on KORUS and how various elements of the agreement will benefit the economic future of both countries. They talked about Korea’s impressive economic growth and its emerging economic leadership in the region and the world.