On Thursday, President Obama said that USA and South Korea didn’t reach an agreement on a free-trade deal, but according to officials efforts will continue to be made in the weeks to come. Obama’s hope has been to announce the US-South Korea agreement prior to the G-20 reunion, but it didn’t happen so far. ” We have asked our teams to work tirelessly in the coming days and weeks to get this completed”, stated Obama.
A previous trade agreement was signed in 2007 under the influence of the former administration. At this point, US officials want to have access to South Korea’s market for American products, such as beef and autos. ‘We don’t want months to pass before we get this done. We want this to be done in a matter of weeks”, added Obama.
This seems to be a failure on Obama’s record sheet, which comes shortly after the Republicans won the control of the House last week. In the President’s defense, Ron Kirk, US trade representative said it wasn’t Obama’s fault and the objective of this agreement will be reached in the weeks to come:” The president’s leadership on this has put us much closer to a successful closure.”
This is Obama’s third stop in his Asian tour, which has the purpose of obtaining greater access to the regional markets for the American goods.
Earlier today, the American president condemned North Korea for its politics ( “a path of confrontation and provocation”), which is the main reason for the country’s isolation from the world and also for increasing the level of people’s poverty.
” If we rush something that then can’t garner popular support, that’s going to be a problem. We think we can make the case. But we want to make sure that the case is airtight”, said President Obama after a meeting with Lee, on the sidelines of the G-20 summit.
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