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Article: Free trade with S. Korea: U.S. agreement could help area businesses.
- Article from:
- Decatur Daily (Decatur, AL)
- Article date:
- April 8, 2007
CopyrightCOPYRIGHT 2007 The Decatur Daily. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Eric Fleischauer
Apr. 8--A proposed trade agreement between South Korea and the U.S. is generating opposition nationally, but local business leaders and state officials expect it to be a boon to Alabama's economy. The Bush Administration completed negotiations on the agreement, called Korus, on April 1, but it needs congressional approval. Congress is soured by past trade agreements, particularly the North American Free Trade Agreement's reduction of tariffs to and from Mexico, which nearly demolished Alabama's textile industry. Korus' passage is far from certain.
South Korea is Alabama's seventh largest trading partner, accounting for almost ...