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Governor Camacho Meets With U.S. Ambassador to Korea |
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Discussion focuses on Korean interest in military buildup and trade expansion into Guam
October 21, 2009
(Seoul, South Korea) Governor Felix P. Camacho met with the U.S. ambassador to Korea, Kathleen Stephens, on Monday before the start of the Guam Buildup Symposium and Business Opportunity Conference on Tuesday at the Grand Hyatt Hotel in Seoul. Gov. Camacho and Ambassador Stephens discussed efforts to expand economic development into the Western Pacific and the impacts on Guam of the Korea-U.S. Free Trade Agreement (KORUS), which is being discussed among lawmakers in Washington, DC.
“The U.S.-Korea relationship is good,” said Gov. Camacho. “Ambassador Stephens was excited about the Guam Buildup Symposium and Business Opportunities Conference in Seoul, and we agreed that this effort will assist in increasing Korean foreign investment into our island community.”
The U.S. Embassy Seoul participated in the conference outlining the process for Korean corporations to do business in Guam and in the United States. Ambassador Stephens shared with Gov. Camacho that regional military planners are concentrating on the move of the III Marine Expeditionary Force from Okinawa to Guam and that the news is translating into increased inquiries regarding the role of Korean corporations in the expansion of the Guam’s military and civilian population.
“The collaboration on this conference mission is yet another milestone in our 30-year relationship with Korea,” said Gov. Camacho. “It is my sincere hope that our presence here can help Korean businesses find a niche in the promise of our future and learn more about doing business in Guam.”
The one-hour meeting also touched on the efforts to extend the Korea-U.S. Free Trade Agreement to include Guam. Since 2007, Gov. Camacho has requested assistance of the Interagency Group on Insular Areas (IGIA) to assist with including Guam and the insular territories in all future free trade agreements negotiated with the United States, industrial nations (OECD), new industrial countries (NIC), and less developed countries (LDC).
“I have remained steadfast in my conviction that such inclusion in the KORUS would allow Guam and the insular territories to create and sustain industrial activities, increase personal and family incomes, and encourage reliable business and farming activities,” said Gov. Camacho. “There is a willingness by the U.S. Embassy staff in Seoul to advocate for inclusion on Guam’s behalf as Congress nears a decision on what could be the most significant economic agreement of this generation.”
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A Message from the Governor of Guam
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