[Federal Register Volume 61, Number 66 (Thursday, April 4, 1996)]
[Notices]
[Pages 15040-15041]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8248]



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[[Page 15041]]



DEPARTMENT OF COMMERCE

U.S.-KOREA COMMITTEE ON BUSINESS COOPERATION

AGENCY: International Trade Administration, Commerce.

ACTION: Notice of Membership Opportunity in U.S.-Korea Committee on 
Business Cooperation.

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SUMMARY: The Department of Commerce is currently seeking nominations of 
outstanding individuals to serve on the U.S. section of the U.S.-Korea 
Committee on Business Cooperation (``CBC''). On December 15, 1995, 
Secretary of Commerce Ronald H. Brown and South Korean Minister of 
Trade, Industry and Energy Park Jae Yoon signed a memorandum of 
understanding creating the CBC. The purpose of the CBC is to provide a 
forum through which the U.S. and Korean public and private sectors can 
cooperate to exchange information on commercial matters and to 
encourage discussions on a variety of issues that impact their 
bilateral commerce. The CBC is composed of two sections, a U.S. section 
and a Korean section. The U.S. section is chaired by Secretary of 
Commerce Ronald H. Brown and will be comprised of approximately 20 
private sector representatives. The Korean section is chaired by 
Minister Park and will be comprised of approximately 20 private sector 
members. The inaugural meeting of the CBC is expected to take place 
during the summer of 1996 in Washington. Subsequent plenary and working 
group meetings are expected to be with the government and private 
sector members from both countries in attendance.

OBLIGATIONS: Private sector members will be appointed for a two year 
term. Nominations are now being sought for private sector members to 
serve for the initial term. Private sector members will serve at the 
discretion of the Secretary and shall serve as representatives of the 
business community and the industry their business represents. They are 
expected to participate fully in defining the agenda for the CBC and in 
implementing its work program. It is expected that private sector 
individuals chosen for CBC membership will attend at least 75% of the 
CBC meetings which will be held in the U.S. and South Korea.
    Private sector members are fully responsible for travel, living and 
personal expenses associated with their participation in the CBC. The 
private sector members will serve in a representative capacity 
presenting the views and interests of the particular business sector in 
which they operate; private sector members are not special government 
employees. It is anticipated that the private sector members of the 
Committee may form a Steering Committee, upon their own initiative, to 
guide overall private sector participation. If the Steering Committee 
is formed, it is expected that the activities conducted by the Steering 
Committee, and staff support for the Committee, will be undertaken at 
the expense of the private sector members.
    The CBC will work on issues of common interest to encourage 
bilateral trade and investment, such as, but not limited to, the 
following:

--Identifying commercial opportunities, impediments, and issues of 
concern to the respective business communities;
--Improving the dissemination of appropriate commercial information on 
both markets;
--Adopting sectoral or project-oriented approaches to expand business 
opportunities, addressing specific problems, and making recommendations 
to decision-makers where appropriate;
--Promoting trade/business development and promotion programs to assist 
the respective business communities in accessing each market, including 
trade missions, exhibits, seminars, and other events;
--Facilitating appropriate technical cooperation; and
--Considering other steps that may be taken to foster growth and 
enhance commercial relations.

CRITERIA: The U.S. private sector section of CBC will consist of 
approximately 20 members representing the diversity of American 
business. Selection criteria will emphasize, to the extent possible, 
the following interests and issues with respect to Korea: 
infrastructure, high technology manufacturing, and market access. The 
Commerce Department is currently seeking nominations of outstanding 
individuals or companies to serve on the CBC.
    In order to meet eligibility requirements for membership, potential 
candidates must be:

--A U.S. citizen residing in the United States or a U.S. permanent 
resident;
--A CEO or other top management level employee of a U.S. company or 
organization involved with South Korea in the trade and investment 
fields; and
--Not a registered foreign agent under the Foreign Agent Registration 
Act of 1938, as amended (FARA).

    In reviewing eligible candidates, the Commerce Department will 
consider such selection factors as:

--Experience in the South Korean market;
--Industry or service sector represented;
--Export/investment experience;
--Contribution to diversity based on company size, location, 
demographics, and minority/gender ownership; and
--Stated commitment to actively participate in CBC activities and 
meetings.

    To be considered for membership, please provide the following: name 
and title of at least two individuals requesting consideration; name 
and address of the company or organization sponsoring each individual; 
company's product or service line; size of the company; export 
experience and major markets; a brief statement of why each candidate 
should be considered membership on the CBC; the particular segment of 
the business community each candidate would represent; a personal 
resume; and a statement that applicant is not a registered foreign 
agent under FARA.

DEADLINE: In order to receive full consideration, requests must be 
received no later than May 3, 1996.

ADDRESSES: Please send your requests for consideration to Susan M. 
Blackman, Director, Office of Korea and Southeast Asia, either by fax 
on (202) 482-4760 or by mail at Room 3203, U.S. Department of Commerce, 
Washington, D.C. 20230.

FOR FURTHER INFORMATION CONTACT: Susan M. Blackman, Director, Office of 
Korea and Southeast Asia, either by fax on (202) 482-4760 or by mail at 
Room 3203, U.S. Department of Commerce, Washington, D.C. 20230.

    Authority: Act of February 14, 1903, c. 552, as amended, 15 
U.S.C. 1501 et seq., 32 Stat. 825; Reorganization Plan No. 3 of 
1979, 19 U.S.C. 2171 note, 93 Stat. 1381.

    Dated: March 29, 1996.
Peter Cashman,
Acting Deputy Assistant Secretary for Asia Pacific.
[FR Doc. 96-8248 Filed 4-3-96; 8:45 am]
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