Obama, S. Korean Prez Praise Trade Pact As Jobs Creator

Law360, New York (October 13, 2011, 3:21 PM EDT) -- President Barack Obama on Thursday hailed passage of a free trade agreement between the United States and South Korea, saying the pact would strengthen both nations' economies and be a boon for job creation.

Obama said during a morning reception for South Korean President Lee Myung-Bak that the Korea-U.S. Free Trade Agreement, which cleared both houses of Congress on Wednesday, represented a “historic achievement,” and would strengthen the countries' alliance.

“With our landmark trade agreement, we will bring our nations even closer, creating new jobs for...
To view the full article, register now.