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RIAA Commends Progress On South Korea, Colombia, Panama Free Trade Agreements

Calls for Swift Congressional Action

WASHINGTON – President Obama today submitted to Congress the legislation for pending Free Trade Agreements between the United States and South Korea, Colombia and Panama. Below is a comment from Neil Turkewitz, Executive Vice President, International, Recording Industry Association of America (RIAA) on the submission:

“We are very pleased that the President has sent the South Korea, Panama and Colombia Free Trade Agreements to Congress, and we urge Congress to take them up as quickly as possible. We are hopefully approaching the finish line for these market-opening agreements. They will help to create greater stability and order in the music markets in Korea, Panama and Colombia, and will help to pave the way towards greater global harmonization of copyright regimes to facilitate legitimate online commerce through global media. Agreements such as these are critical building blocks in establishing the rule of law on the Internet, and in helping cultural communities realize the potential of the Internet to drive legal consumption.”

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The Recording Industry Association of America (RIAA) is the trade organization that supports and promotes the creative and financial vitality of the major music companies. Its members comprise the most vibrant record industry in the world. RIAA® members create, manufacture and/or distribute approximately 85% of all legitimate recorded music produced and sold in the United States.

In support of this mission, the RIAA works to protect the intellectual property and First Amendment rights of artists and music labels; conduct consumer, industry and technical research; and monitor and review state and federal laws, regulations and policies. The RIAA® also certifies Gold®, Platinum®, Multi-Platinum™ and Diamond sales awards as well as Los Premios De Oro y Platino™, an award celebrating Latin music sales.

Contact:
Jonathan Lamy
Cara Duckworth
Liz Kennedy
202/775-0101