Pandit's statement on Korea-U.S. Free Trade Agreement.

December 6, 2010 3:56 PM By Citi

Citigroup CEO Vikram Pandit issued the following statement Friday after an accord was reached on a Korea-U.S. Free Trade Agreement:

"I applaud President Obama and President Lee on the tremendous leadership they've shown in reaching a final agreement on the Korea-U.S. Free Trade Agreement (FTA). The FTA will bring significant economic benefits to America's financial, manufacturing, services, and farming sectors. Expanding trade and investment flows is a key driver of economic growth, and the FTA between our two countries will help to create much-needed jobs as America continues on the road to economic recovery.

"I also commend U.S. Trade Representative Ron Kirk for his sustained efforts in shepherding this important process. As Co-chair of the U.S.-Korea FTA Business Coalition, Citi appreciates all he and his team of negotiators have done to open trade channels between the United States and Korea.

"We look forward to the ratification and implementation of this important accord."