Posted on 12/04/2010 6:16:42 AM PST by 1rudeboy
U.S. and South Korean negotiators agreed Friday to a free-trade deal that the Obama administration hopes will increase American exports by billions of dollars annually and create momentum for a broader push on free trade in 2011.
The pact is the administration's first major foray into the arena of free-trade politics, and officials said it may be followed by efforts to have Congress approve pending deals with Panama and Colombia, and reinvigorate the larger Doha round of global trade talks.
The deal marks a victory for President Obama, who was widely criticized after failing to secure the pact during his Asia trip after last month's midterm elections.
"Today's agreement is an integral part of my administration's efforts to open foreign markets to U.S. goods and services, create jobs for American workers, farmers and businesses, and achieve our goal of doubling of U.S. exports over five years," Obama said in a statement Friday night.
The South Korea agreement was first negotiated by the George W. Bush administration, but during follow-up negotiations the Obama administration won further concessions considered important to American automakers. Those include a slower reduction of U.S. tariffs on imported South Korean vehicles and a provision under which South Korea will exempt up to 25,000 of any American company's cars from its strict safety standards, as long as they meet similar U.S. regulations.
(Excerpt) Read more at washingtonpost.com ...
im guessing it has something to do with North Korea
it might have been begun under Bush, but that was nowhere near the reality that we have today.
when obamanation approves/signs anything, Americans can be sure that it is NOT in their interest..
the man is a traitor to America
That Soros guy must be some dude, seeing that he has conservatives cowering in fear of him . . . .
He has naked shorts against the cattle on a thousand hills, and naked pictures of a thousand Federal officials with those cattle.
Half the stuff that business crooks have pulled over here, have gotten the same sort of people shot in China. I think the Chinese are smarter about corruption than we are; they have their peccadillos, but when they ahd an Enron-style scandal, the guilty got life in prison or the death penalty.
That's only if they feel the need for publicity purposes, when they tick off the wrong people, or someone fails to respond to blackmail. China, like many East Asian nations, prefer selective enforcement as a tool. That's why though corruption and prostitution etc..have very harsh penalties they are rarely enforced and is rampant even though the Chicom govt knows who's doing it and when. Read Eamonn Fingleton's IN THE JAWS OF THE DRAGON, it goes into quite a bit of detail on those societies' use of selective-enforcement, and how many East Asian nations achieved their successful industrial/economic growth.
Of course not. More than that, do we really expect the Saboteur-in-Chief of all people to actually help the US economy?
Color me skeptical.
What's with the negative waves, man?
;-)
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