In 2007, the Bush Administration conducted and completed agreements with South Korea, Colombian and Panama and are now being upheld by the new administration. The Obama Administration plans to ask Congress to ratify a free-trade agreement with South Korea after the midterm elections in November. However, this may anger labor unions who claim unfair treatment of union workers and their Congressional supporters. Obama will discuss these issues with the South Korean President Lee Myung-bak in Seoul prior to the November elections and present the deal to Congress shortly afterwards. Issues to be discussed during this talk include the restrictions by Korea on automobile and beef imports from America. Obama hopes to increase job creation and encourage growth through economic recovery.
I completely support this plan for international trade and truly hope that it will aid our failing economy. The more barriers torn down between countries, the easier it may be for the economy to recover through the creation of jobs and exchange of goods.
Article Referenced:
Chan, Sewell. "The White House to Push Free Trade Deal with South Korea." NYTimes. New York Times. 26 June 2010. Web. June 2010.
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