US-Korea FTA

USTR Schwab statement on completion of text for bipartisan trade agreement

June 25, 2007

"On May 10, the Bush Administration and the bipartisan leadership of Congress agreed on a clear and reasonable path forward for congressional consideration of free trade agreements with Peru, Colombia, Panama, and Korea.  I am pleased that the Office of the U.S. Trade Representative, along with the House Ways and Means and Senate Finance committees, have finalized formal text reflecting the agreement of May 10.  I want to express my appreciation to House Ways and Means Committee Chairman Rangel, Ranking Member McCrery, Senate Finance Committee Chairman Baucus, and Senator Grassley for their diligent work in finalizing this bipartisan agreement.  I now look forward to Congressional action on the Peru agreement in July, and the agreements with Colombia, Panama and Korea as soon as possible.”