Guest blog post by Secretary of Commerce, Gary Locke.
This week, I’m visiting the Republic of Korea, one of the United States’ closest allies in the world, and one of our most important trading partners. Last December, President Obama signed a landmark trade deal with Korea that could boost annual exports of American goods to Korea by up to $11 billion, supporting at least 70,000 U.S. jobs.
But the deal still needs to pass Congress, which is why this week, I’m leading four Members of Congress on a fact-finding mission that will demonstrate firsthand how this trade deal will lead directly to more sales of American goods and services abroad and more American jobs here at home.
Korean and U.S. businesses are already collaborating, innovating and trading together like never before. This week, members of our bipartisan delegation – which includes Representatives Dave Reichert and Jim McDermott from my home state of Washington and Representatives Joseph Crowley and Charles Rangel from New York – are getting to see this up close.
Tomorrow, we visit Pantech, one of Korea’s largest mobile phone makers, and a major buyer of U.S. technology.