Unfounded claims ROK-us free trade agreement reached on the substantive consistency

According to Chinese voice the yangguang news "reported that as far as hanlianshe reports, Korea and the United States 3, morning ROK-us free trade agreement reached on the substantive consistency. Thus, in June 2006, the ROK-US launches free trade agreement negotiations lasted 4 years, 6 months and finally dominance, the two countries will proceed with the National Congress approved the program. The following wiring CCTV reporter Cleveland:

Moderator: this US-ROK Government negotiated between append? what are the two countries is expected to pass Congress?

Reporter: ROK on 07 June 30, the time had signed a free trade agreement, but this Agreement relating to the field of automobile and beef is met with the opposition of the United States Congress, it has yet to be approved.

That this time under hanlianshe, ROK is made in the automotive sector is relatively large concessions, because we see the United States will further production of automotive Korea collected five years at the rate of import duty 2.5% instead of the original provided immediately abolish the customs duties. Besides Korea allows each United States automobile manufacturers as well as to the standard to the United States Korea export 2.5 million vehicles, this number is 07 years of conventions of 4 times. In addition the immediate abolition of Korea decided not on United States production car charge 8% of the import duties and taxes collected in four years is 4 percent import duty, 4 years after the tariffs will be cancelled. In the area of agriculture, Korea in 2016 to cancel on the part of the United States production of pork products, customs duties, but does not accept United States Korea expand beef imports from the United States.

United States President Barack Obama's statement was welcomed by his main think this agreement to increase the United States on Korea's exports and create jobs. He calculates the early next year to Congress on the modified version of this free trade agreement. Now we know the background of the United States is the momentum of economic recovery has been slow, high unemployment, domestic new massive fiscal stimulus difficulty is also very large, the Obama administration is now an urgent need to boost exports to spur the development of the domestic economy. On the other hand Korea free trade agreement in China Congress might not have imagined that simple, Korea officials said that intergovernmental negotiations and of the appended Korea Congress's approval is not a thing, once you have the latest negotiating the details published, then Congress which will launch an in-depth discussion will take into account the views of Korea and the United States Congress to reflect, as far as United States Chamber of Commerce in Korea Seoul branch prediction, this free trade agreement is expected to come into effect in July next year.