The United States and Vietnam signed a trade and investment framework agreement (TIFA) June 21 ahead of a June 22 meeting between Vietnamese President Nguyen Minh Triet and U.S. President George W Bush. By warming up its trade relationship with Vietnam, the United States is facilitating an alternative for US investors and businesses that want to set up production operations outside China.
The US, which is carrying out additional negotiations in regard to the KORUS FTA, said on June 22, "Let`s put a clause in which foreign investors are not protected more than their domestic counterparts.” The US seems to want to protect its investors as well as its industries with this clause.
A 17 point statement was released by the White House Wednesday that details a wide range of support that the region is expected to receive from the United States.
Charles Kernaghan of the National Labor Committee and Claude Barfield of the American Enterprise Institute debate the merits of labor standards in trade pacts.
The American auto industry and lawmakers representing the auto sector have made “nonnegotiable” complains about the Korea-U.S. Free Trade Agreement (KORUS FTA). They have showed disagreements over a wide range of FTA provisions, indicating a bumpy road ahead to be ratified.
A senior U.S. congressman demanded a full re-negotiation of a proposed South Korea-U.S. free trade agreement (FTA) Wednesday, charging that the deal as it stands consents to one-way trade in Seoul's favor.
A panel of government trade experts was told in Washington today that approval of the US-Korea free trade agreement (FTA) would lead to new overseas demand for a wide range of US goods and services, in particular financial services.
Thousands of South Korean farmers rallied Wednesday to denounce a free trade agreement with the United States, as officials from the two sides prepared to discuss amending the hard fought deal ahead of its expected signing later this month.