YONHAP NEWS - 0 views
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Seoul recently agreed to reopen its market to most U.S. beef cuts, lifting a five-year ban placed after the outbreak of the first mad cow case in the United States. The decision reached on April 18 is expected to permit U.S. beef shipments to arrive here around in mid May.
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"We are very pleased that Korea has taken the decision," Vershbow said, "And this agreement is based on international scientific standards, which I think is the only policy for trading nations that they want to observe, that they want to have healthy economic relations with other nations."The Lee Myung-bak administration, however, faced mounting domestic criticism for rushing to the beef agreement despite lingering concerns over mad cow disease and feared impact on the local cattle industry
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Resuming U.S. beef imports has been considered a key condition for Seoul gaining U.S. ratification of the free trade agreement
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The U.S. ambassador to Seoul said Wednesday that Korea's decision to resume U.S. beef imports will strengthen their bilateral alliance and that he was confident Seoul's free trade pact with Washington will get ratified in the U.S. within this year.
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The U.S. envoy noted opposition in the U.S. Congress in the presidential election year but said he was "confident" that it will get ratified within U.S. President George W. Bush's term.
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Nonetheless, President Bush explained to President Lee in Camp David less than two weeks ago that it is a priority for him to get Congress to ratify KORUS-FTA in 2008 and I'm confident he can meet that goal
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We often refer to FTA as a 'win-win' agreement because both Korea and the United States will benefit, but it might be more appropriate to call it a 'win-win-win-win' because not