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U.S. TO ADDRESS BEEF, AUTO ISSUES BEFORE KOREA FTA RATIFICATION.
WASHINGTON, April 30 Asia Pulse - The nominee for U.S. deputy Trade Representative said Thursday that he will prioritize addressing an imbalance in auto trade and restrictions on beef shipment to South Korea before ratification of a pending free trade deal.
"There are some key concerns that we still have to address, including on beef as well as autos," Demetrios Marantis, the nominee for the deputy U.S. Trade Representative, told a Senate Finance Committee confirmation hearing.
"On beef, it's very important that this government is very vigilant with respect to sanitary barriers that are not based on science," he said. "And having worked on this issue for a number of years, I can reassure you that at USTR, if I am confirmed, this will be a major priority of mine. The U.S.-Korea Free Trade Agreement offers enormous potential benefits to the U.S. economy."
Marantis was repeating the remarks made by USTR Ron Kirk recently that he will seek "new solutions" to the pending FTA with South Korea before bringing it to Congress for ratification.
Kirk said last month that he will "promptly, but effectively" address the imbalance in auto trade and South Korea's ban on shipments of beef from cattle older than 30 months, with ...
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