WASHINGTON -- In response to a question from Sen. Chuck Grassley, a top U.S. trade official confirmed today that U.S. agricultural producers are indeed at risk of losing valuable market share in Korea to the European Union because the United States has not implemented its pending Free Trade Agreement with Korea, and the European Union has implemented such an agreement. The White House and congressional allies continue to move the goal posts on the necessary conditions for implementing pending trade agreements, to the detriment of U.S. producers.
The exchange occurred at a hearing of the Finance Committee, with jurisdiction over international trade. Grassley is a senior member and former chairman and ranking member of the committee.
A video clip is available here.
The text of a Senate floor speech Grassley delivered today on the value of trade agreements is available here.