Ratification of FTA with US urged this year
KBS World Radio, Korea
Ratification of FTA with U.S. Urged This Year
10 August 2008
The Federation of Korean Industries is urging the ratification of the free trade agreement with the United States within this year.
The federation in a report released Sunday warned of greater difficulty in getting the deal passed if the U.S. Congress fails to ratify it this year.
The report said ratification efforts are being delayed in Congress due to a wide difference of opinion between the Democratic Party and President George W. Bush over government spending.
The federation said it has "serious concerns" over the ratification being pushed back in U.S. politics.
If Washington fails to ratify the deal this year, the report said it will likely be put off until 2010 after review by the next U.S. president.
