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Unformatted text preview: tens of thousands of new jobs in both the U.S. and South Korea. She also said it
would "send a powerful message that the United States and the Republic of Korea are strategic partners for
the long term, and that America is fully embracing our continuing role as a Pacific power." The United
States applauds South Korea's extraordinary economic success, now the 12th largest economy in the world,
and its impressive efforts as an emerging donor country to triple its development budget by 2015. The U.S
signed a Memorandum of Understanding with South Korea that will promote efficiency in aid delivery and
boost its impact in areas such as global hunger and food security, and maternal and children’s health, as well
as help encourage the shift from aid to sustained economic growth and prosperity. As Secretary Clinton said,
"the Republic of Korea is an exemplary country fulfilling its responsibilities at home and abroad, and also an
exemplary friend." Gonzaga Debate Institute 2011
Politics Impact Uniqueness – AT – South Korea Won’t Pass (2/2)
SKFTA will pass in South Korea – compromise coming, and US passage will accelerate
Yonhap News Agency, 7-8-11
[“Rival parties, gov't to discuss S. Korea-U.S. free trade deal”,
http://english.yonhapnews.co.kr/national/2011/07/08/64/0301000000AEN20110708002800315F.HTML , accessed
SEOUL, July 8 (Yonhap) -- A consultative body of rival parties and the government plan to meet on
Friday to find a compromise over the long-pending parliamentary approval of the free trade deal with
the United States, lawmakers said.
The FTA deal, first signed in 2007 and supplemented last December, has been awaiting approval from
legislatures of both countries.
South Korea's efforts to ratify the high-profile trade agreement have repeatedly been dashed amid severe
resistance by opposition parties calling for the government to renegotiate the deal that they said allowed too
much compromise at the cost of local carmakers and farmers.
As part of bids to assuage such contention, lawmakers agreed to launch early Friday the consultative
body composed of lawmakers of the ruling and opposition parties and senior government officials
concerned with the deal.
The Grand National Party (GNP) is seeking to pass the long-pending bill through the National
Assembly during an extra session in August as the U.S. is moving to get Congress to approve the pact by
early next month.
The consultation will be followed by a public hearing at the Assembly to examine the pros and cons of the
trade deal that, if ratified, will dramatically lower trade barriers between the two countries. College
professors and think-tank researchers as well as members of the parliamentary committee on foreign affairs
and trade are scheduled to attend the hearing.
"In the consultation session today, I will request opposition parties set discussion agenda and come up with
opinions regarding what is needed to ratify the FTA," Nam Kyung-pil, chairman of the c...
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