U.S.-Korea Free Trade Agreement: Potential Economy-wide ... - USITC

The Honorable Daniel R. Pearson
Chairman
U.S. International Trade Commission
500 E Street, S.W.
Washington, D.C. 20436
EXECUTIVE OFFICE OF THE PRESIDENT
THE UNITED STATES TRADE REPRESENTATIVE
WASHINGTON. D.C. 20508
APR 0 1 2007
Dear Chairman Pearson:
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As you know, the United States and Korea are nearing the conclusion of negotiations on a *.
comprehensive bilateral free trade agreement (FTA). The advice that the United States w
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International Trade Commission (Tommission”) has provided over the course of these
negotiations has contributed significantly to their advancement.
The President has notified Congress of his intention to enter into an FTA with Korea. Pursuant
to authority delegated to me by the President and in accordance with section 2 104(f) of the Trade
Act of 2002 (Trade Act), I request that the Commission prepare a report, as specified in section
2104(f)(2)-(3) of the Trade Act, assessing the likely impact of the FTA on the United States
economy as a whole and on specific industry sectors and the interests of U.S. consumers.
Along with this letter, I am providing you an electronic copy of the confidential negotiating text
as it exists at this time. USTR staff will keep the Commission current with respect to the details
of the FTA and will also be available to answer questions or provide additional information on
the FTA. I would greatly appreciate it if the Commission could issue its report as soon as
possible after the FTA is signed.
Thank you for your continued cooperation and assistance in this matter.
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Sincerely,
Enclosure
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Susan C. Schwab
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