A New Life for the Korea-U.S. FTA?
February 16, 2010
Obama went to Asia in November 2009. Attending the APEC meetings in Singapore, what struck the president was that in virtually every meeting, each Asian leader pointedly asked him what the U.S. position on trade was. After all, APEC member countries make up 44 percent of global trade, according to the Office of the U.S. Trade Representative, and Asian leaders found it unconscionable that an American president could show up at the biggest summit of trading Pacific nations 11 months into his own term but without a trade policy. The traveling party adjusted in midstream, and Obama stated his administration's readiness to engage on the Transpacific Strategic Economic Partnership, a multilateral trade initiative involving Brunei Darussalam, Chile, New Zealand, and Singapore, and that he wanted to get the Korea-U.S. FTA done.