KITA Held Reception Inviting US House
- US Congressmen
and Korean businesspeople pledged economic cooperation between two countries -
of the US House of Representatives visited Korea and met with Korean entrepreneurs.
Korea International Trade Association (Chairman, Kim In-ho) held a reception on
August 29, Tuesday,
by inviting the delegation of the members of the US House of Representatives by
Ed Royce, chairman of the House Committee on Foreign Affairs, and provided an
exchange opportunity for the representatives and Korean traders and investors.
Including Shim Jae-kwon, a chairman of the National Assembly Foreign Affairs
and Unification Committee, the reception was attended by 90 Korean executives
and officials from Korean Air, Hyundai Motor, POSCO, SK, SeAH and Hyosung that
are involved in trade with the United States.
U.S. attendees included Chairman of the House Committee on Foreign Affairs Ed
Royce, Co-chair of Congressional Caucus on Korea Ami Bera, Chairman of the
Subcommittee on Asia and the Pacific Ted Yoho, Committee on Foreign Affairs
member Brad Schneider, Resident Commissioner of Puerto Rico Jennifer Gonzalez
and their aides. The participants at the reception visited Korea to discuss
major pending issues between the two countries, including the amendment of the
Korea-U.S. Free Trade Agreement and security matters on the Korean Peninsula.
the reception, Korean businesspeople had the networking opportunity to meet
with the U.S. Representative members and their aides, who are in the center of
making the US domestic and international political and economic policy
decisions, in person and introduce the business activities of each company and
communicate about the difficulties.
Ed Royce and Rep. Ami Bera especially showed keen interest in Korean companies
investing in the U.S. by visiting head offices of CJ and SPC, who have invested
in California, the congressional district of the two politicians,
Rep. Ed Royce and KITA’s Chairman Kim In-ho announced a joint
statement on mutual cooperation between Korea and the U.S. According to the
joint statement, the two countries are to work more closely with each other in
the interest of trade investment as well as job creation and to actively expand
economic delegations. The two countries also agreed to cooperate with each
other to raise awareness of the reciprocal achievements of the Korea-US free
Ed Royce said “The two countries' alliance, which was
built upon the Korean War, has continued to become stronger as time goes by, as
businesspeople in the two countries have made great effort for it.”
Kim In-ho stated "The
economic ties between Korea and the U.S. have developed into mutually
beneficial partnerships." He stressed "Especially, the Korea-U.S. FTA
is a symbol of the successful economic cooperation that has allowed practical
benefits and faster growth for both countries over the past five years."