Summary Box: Schwarzenegger urges Congress to ratify free trade deals at end of Asian tourBy AP
Wednesday, September 15, 2010
Summary Box: Schwarzenegger seeks trade changes
THE PITCH: California Gov. Arnold Schwarzenegger spoke in South Korea’s capital, where he was wrapping up an Asian tour after visiting China and Japan. He wants Congress to act swiftly on free trade status for South Korea, Panama and Colombia.
THE PLOT: Boosting exports to countries that have growing economies will help Washington meet its goal of doubling trade within five years.
THE TWIST: California exported $6 billion in goods to South Korea last year, making it the state’s fifth-largest trading partner. A free-trade agreement could help lift the Golden State out of its economic doldrums.
Tags: Asia, East Asia, International Agreements, International Trade, South Korea