``Political developments within the U.S. suggest that Korea has a unique historic opportunity to achieve a preferred trade and indeed overall relationship with the United States that is unlikely to be available to any of its main competitors for a prolonged period of time,'' said Fred Bergsten, director of the Institute for International Economics in Washington, D.C., in a recent column.

IAB Meeting, March 2007. Gale International New York offices. l to r: Myron Brilliant, Stephen Bosworth, C Fred Bergsten, Thomas Hubbard, Christine Todd Whitman, Stan Gale, John Hynes, Don Gregg, Doo-yun Hwang and Carl Seaholm