SIFMA today released the following statement from Ken Bentsen, executive vice president, public policy and advocacy, prior to Senate Finance Committee consideration of trade agreements with Korea, Panama and Colombia.
“Expanding market access through trade will benefit the US economy, including financial services, providing growth and job creation opportunities. The proposed free trade agreements with South Korea, Panama and Colombia include some of the most significant provisions for financial services and set a new standard for open and fair markets in financial products and services.
“These issues have been negotiated for more than four years, and with a bipartisan agreement the time has come to move forward. We urge the Congress to adopt these important agreements before the August recess, so that further market share is no longer lost with the EU-Korea agreement going into effect on July 1 and the Canada-Colombia agreement taking effect on August 15.”
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SIFMA Calls For Swift Congressional Action On Stalled Free Trade Agreements
Date 30/06/2011