Oct 13, 2011

McCarthy Statement on House Passage of the United States-South Korea Trade Promotion Agreement Implementation Act

Washington D.C. – House Majority Whip Kevin McCarthy (CA-22) released the following statement following House passage of the United States – South Korea Trade Promotion Agreement Implementation Act (H.R. 3080):

“South Korea is one of our strongest and most strategic allies. Passage of this agreement will only bring our two countries closer together by making it easier for American exports to enter the South Korean market. The U.S. Chamber of Commerce reports that current California exports to South Korea support over 23,000 jobs and it’s estimated that California alone will increase exports by billions of dollars, which means more American jobs and a stronger economy. I’m proud to support this common sense trade agreement that will benefit our entire nation.”

LOCAL NOTE: In the 22nd District of California, an estimated 139,627 jobs are directly supported by exports. In 2010 alone, $44.3 billion in merchandise was exported from local businesses. Similar statistics abound across the country, and the potential for U.S. job growth only increases with these new agreements.