This is a precious opportunity. And we must seize it. In international trade, we will open our markets. Unfair regulations are being abolished. And we will no longer tolerate legal discrimination against foreign products.
Free trade is essential for success.
Pursuing reform of this magnitude, we need help from others. And we need unreserved support from the United States. Korea is America's eighth largest trading partner and one of your staunchest allies. It may be remembered that at important times Korea was there for America, too. For example, during your own economic downturn in the 1980s, Korea dispatched special purchasing delegations to the United States and bought billions of dollars of your goods.