Wednesday, December 26, 2007

Press Release: Federal Way supports Korea-US Free Trade Agreement

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Federal Way supports Korea-US Free Trade Agreement
Federal Way Mayor Michael Park, a prominent Korean-American, led the Federal Way City Council Tuesday night in signing a proclamation in support of the Korea-US Free Trade Agreement (KORUS FTA).

The KORUS FTA, which was signed by the United States and the Republic of Korea in June, will eliminate tariffs on nearly two-thirds of US agricultural exports worth more than $1.9 billion. The proclamation states that this action will expand consumption and demand. The proclamation also states that the nearly two million Americans of Korean heritage living and working in the US will directly benefit from the agreement.

“Here in the Pacific Northwest we are highly dependent on international trade,” said Mayor Park. “You woke up this morning and probably had Starbucks Coffee. You turned on your computer with its Windows Operating System and you may have shopped at Costco. And, whether you’re traveling domestic or oversees it’s likely on a Boeing aircraft. These are world brands now.

The mayor added, “I encouraged our City to support the KORUS FTA because international trade is important to our country and also to our community. And, I’d like to encourage other governments to support the agreement.”


MEDIA CONTACT: Michael Park -- Mayor -- 206.335.2479



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