Sunday, June 27, 2010

White House pushing FTA with Korea?

It looks like Obama will finally push for ratification of the FTA with South Korea, but it will be after the midterm elections in November.

From the New York Times:
The Obama administration announced Sunday that it would ask Congress to ratify a long-stalled free-trade agreement with South Korea after the midterm elections in November.

The decision, which risks angering labor unions and their Congressional supporters, was announced as the Group of 20 economies began a two-day summit meeting here, following a smaller meeting by the Group of 8 powers.

After the meeting with the South Korean president, Lee Myung-bak, Mr. Obama’s aides said they would try to resolve lingering issues by the time of the next G-20 leaders’ talks, to be held in Seoul, South Korea, in November, and present the deal to Congress shortly after the November elections.
Depending on how many seats the Republicans pick up in November, the treaty might have better luck passing after the elections anyway.

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