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US Tresury Sectretary Says Obama Admin. Wants All Tree Trade Pacts Passed This Year

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2011-02-17

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The Obama administration has made its most explicit statement yet that it wants to collaborate with Congress to approve its three pending trade deals this year.
US Treasury Secretary‚ Timothy Geithner‚ speaking at a Senate Finance Committee hearing Wednesdaysaid that the prompt approval of three trade agreements with Korea‚ Colombia and Panama would greatly benefit the US economy.
Geithner stressed that if Congress failed to pass the trade deals most "American businesses would go to other countries."
Wednesday's statement reflected the administration's commitment to resolve outstanding issues with Columbia and Panama.
Republicans have been pushing for all three pacts to signed by July 1‚ but many Democrats remain strongly opposed to the Colombia agreement.
Reporter : jwyang@arirangtv.com

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