Free Trade Agreements pass Congress; most of meat industry is happy
The U.S. Congress approved free-trade agreements with South Korea, Colombia and Panama, bringing an end to years of stalemate and offering what supporters said was the biggest opportunity for exporters in decades.
The bills will go to President Obama, who is expected to sign the bills after spending two years trying to broaden Democrat support for the pacts, Reuters reports. The South Korea deal along is the biggest trade agreement for the United States since the North American Free Trade Agreement. It will phase out tariffs on almost two-thirds of American farm exports.