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President Park Expresses Concern over US Anti-dumping Duties on Oil Country Tubular Goods
Anti-dumping Duties
President Park Expresses Concern over US Anti-dumping Duties on Oil Country Tubular Goods
  • By matthew
  • October 23, 2014, 02:35
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President Park Geun-hye shakes hands with U.S. Secretary of Commerce Penny Pritzker at the presidential office on Oct. 22.
President Park Geun-hye shakes hands with U.S. Secretary of Commerce Penny Pritzker at the presidential office on Oct. 22.

 

President Park Geun-hye greeted U.S. Secretary of Commerce Penny Pritzker in the Blue House on Oct. 22.

President Park remarked, “Korea and the U.S. are cooperating in G-20 summits and APEC summits to spread free trade, as shown by the standstill commitment on trade protectionism,” expressing concern about the U.S. government's anti-dumping duties on Korean oil country tubular goods. In August, the U.S. government decided to levy anti-dumping duties on those products.

Park also spoke about the creative economy, saying, “Creativity and entrepreneurship are needed to quell concern about the sluggish global economy and to open a new era for growth,” adding, “I hope that Korean and American entrepreneurs exchange ideas to create new business opportunities.”

In response, Secretary of Commerce Pritzker said, “Our government wants to contribute to the Korean government's efforts to achieve a creative economy, including innovation centers.” She added, “We are hoping to cooperate with Korea mainly through the Presidential Ambassadors for Global Entrepreneurship.”

The Presidential Ambassadors for Global Entrepreneurship initiative is a presidential committee established to pass on successful entrepreneurs' experiences to next-gen businesspeople. Pritzker is the chair of the committee.