On March 26, 2012, the Greater Irving-Las
Colinas Chamber of Commerce and the Greater Dallas Korean American Chamber of
signed an agreement to collaborate on trade projects, cultural
exchanges and to jointly research and pursue a possible Sister Cities
relationship between the two communities. 


Though the agreement was simple and the
ceremony brief and straightforward, the consequences of this historic event are
expected to be potentially significant, for several reasons.  For one, the
South Korea-United States Free Trade Agreement (KORUS FTA), which had long been
discussed and whose negotiations were long and protracted, went into effect
March 15, 2012. 


With a population of about 50 million, South
Korea is one of the important economies in Asia, and the new FTA is expected to
add at least $10 Billion to U.S. exports, with a consequent increase in U.S.
employment that will number in the hundreds of thousands.  Texas will
share in these economic benefits and the Irving Chamber is looking to ensure
that the City of Irving also enjoys the corresponding and positive economic
impact from the increased trade with South Korea. 


Chris Wallace, President & CEO of Irving
Chamber, commented that he “was pleased to formalize a partnership with the
GDKACC in order to pursue projects and events of mutual interest, for the
benefit of both communities.” 


Mr. Charles Ko, President of GDKACC, echoed
his enthusiasm for “the collaborative efforts of the two organizations and the
accomplishments that are sure to follow.”  


The Irving Chamber is already engaged with
GDKACC on several upcoming cultural events and on trade potential projects,
more of which will soon be available.  For any additional information
on the above, please contact Joe Chapa at 214-217-8484 or at

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