Sun, Dec 05, 2010
Boeing CEO Jim McNerney Statement on US-Korea Free Trade
Agreement
Boeing issued a statement from Boeing Chairman, President and
CEO Jim McNerney, who chairs both the President's Export Council
and the Business Roundtable Trade Committee, following recent White
House announcements about trade agreements with South Korea.
"The agreement on beef, autos and other issues that the
Administration announced earlier (Friday) with the Republic of
Korea is great news for the U.S. economy and American workers. The
announced breakthroughs on some very difficult issues remove the
final barriers to enactment of a U.S.-Korea Free Trade Agreement
that will set the stage for a dramatic increase in trade between
the United States and Korea, and spur job-creating economic growth
here at home.
"The agreement gives American workers a chance to compete by
eliminating numerous impediments to the sale of U.S. goods and
services to Korea. For instance, U.S. exports to that country
currently face an applied tariff of more than 11 percent, which
puts U.S. companies and workers at a big disadvantage when
competing against companies and workers from nations that already
have free trade agreements in place. By leveling the playing field
with this agreement, U.S. government officials estimate that
American exports to Korea will grow by nearly $11 billion –
which means more work and more jobs here at home.
"The Korean economy is dynamic and presents tremendous
opportunities for the sale of American manufactured goods,
agricultural products, and services. We urge Congress to make
ratification of the U.S.-Korea Free Trade Agreement a top priority.
Doing so will spur the kind of export-driven economic activity we
need to create American jobs—an important goal of the
Administration under its National Export Initiative."
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