Congress Approves U.S.-Korea Free-Trade Agreement
President Obama, right, welcomes South Korean President Lee Myung-bak to the White House October 13 for a state visit. Photo: ©AP Images
The U.S. Congress overwhelmingly approved a long-delayed free-trade agreement with South Korea that is expected to create tens of thousands of jobs and expand economic growth for the two trading partners. Congress approved trade accords with Colombia, Panama and South Korea October 12. The House of Representatives passed the U.S.-South Korea Free Trade Agreement by a vote of 278–151, and the Senate passed the measure 83–15. Secretary of State Hillary Rodham Clinton said in a statement October 12 that “the stakes are not just economic. South Korea, Colombia and Panama are three important partners in strategically vital regions.”
The U.S. Congress overwhelmingly approved a long-delayed free-trade agreement with South Korea that is expected to create tens of thousands of jobs and expand economic growth for the two trading partners. Congress approved trade accords with Colombia, Panama and South Korea October 12. The House of Representatives passed the U.S.-South Korea Free Trade Agreement by a vote of 278–151, and the Senate passed the measure 83–15. Secretary of State Hillary Rodham Clinton said in a statement October 12 that “the stakes are not just economic. South Korea, Colombia and Panama are three important partners in strategically vital regions.”
