Friday, November 12, 2010

U.S. and South Korea Fail to Agree on Trade

"President Obama and President Lee Myung-bak of South Korea failed to reach an agreement Thursday on a long-awaited free-trade agreement, saying they had decided instead to give their negotiators more time to work out differences, which revolved around Korean imports of American autos and beef." President Obama is on a tour through the area covering four different nations in just ten days. This free-trade agreement was based on President Obama's goal of job growth and doubling exports over the next five years. His stop in South korea did not go as plaaned, however, the president did seem enthusiastic that the problem will be resolved very soon. This agreement was assumed to be solved Tuseday evening due to the personel/private meetings held between President Obama and President Lee Myung-bak lasting over two hours.

By: Chase Pavlick

http://www.nytimes.com/2010/11/12/world/asia/12prexy.html?ref=world

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