The Triangle region recently had the honor of participating in the US-Korea Partnership Tour, a series of forums centered around trade and investment between the United States and Korea made possible by the US-Korea Free Trade Agreement (KORUS FTA).  As part of the tour events, His Excellency Han Duk-soo, Korean Ambassador to the United States, and Congressman Brad Miller (D-NC) attended an April 27 luncheon with Triangle business leaders sponsored and hosted by the RTP Foundation and the Greater Durham Chamber of Commerce (GDCC).

As part of his ongoing commitment to both the Triangle region and the GDCC, James Forrest of The Forrest Firm participated in the forum showcasing the benefits and opportunities of the United States’ special relationship with the Korean government and corporate community.

“This luncheon with Ambassador Han Duk-soo and Congressman Miller couldn’t have come at a better time for the people and businesses of the Triangle,” stated Forrest, who currently serves on the Board of Directors for the Greater Durham Chamber of Commerce. “As the US economy continues its climb out of recession, it is so important for Durham to maintain its place as a leader in corporate growth and entrepreneurship. We have companies right here, right now, who are collaborating with like-minded businesses based in Korea to supercharge that leadership and continued growth, and we are honored that the Korean Ambassador and Congressman Miller have made RTP, and particularly Durham, an exemplary community of the partnership that they want to see for the future. Together, we are moving forward.”

The KORUS FTA has been endorsed by the United States Chamber of Commerce and the Obama administration. Political pundits predict bi-partisan support for the agreement through Congress.  Korea is the United States’ 7th largest trading partner and exports from the US could increase by 10 to 11 billion if an agreement is reached.  The KORUS FTA would eliminate high tariffs on US imports to Korea such as agricultural products and automobiles.