Obama Aims to Allay Auto Lobby Concern on Korea Trade

Bloomberg by Edwin Chen, Julianna Goldman | Nov. 21, 2009 (News Report)

President Barack Obama said he is committed to pushing through a free trade agreement with South Korea that has been stalled by the U.S. auto lobby and unions, who argue it doesn’t do enough to open up Korean markets.

Obama’s joint press conference in Seoul today with South Korean counterpart Lee Myung Bak was a last chance on his four- nation Asia trip to show he opposes protectionism. The accord has been held up in Congress, where lawmakers ... Full Story »

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Jo Bobenhouse Smith
3.7
 by Jo Bobenhouse Smith - Nov. 22, 2009

“Team Obama talked the talk, now we’ll see if they walk the walk,” said Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics in Washington. “Possibly in Seoul the president will achieve another breakthrough” with a commitment to seek ratification of the U.S.-South Korea pact.

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