US Congress questions FTA with ROK
Afp, Washington
The United States and South Korea are about two weeks away from inking a mega free trade agreement but the US Congress, which needs to approve it, is becoming increasingly sceptical about the deal. With protectionist sentiment rising in Washington ahead of critical 2008 elections, legislators from the Democratic-controlled Congress fear the deal will worsen the already troubling US trade deficit and does not go far enough in dismantling trade barriers, especially in the key auto sector. Spearheading the opposition is Hillary Clinton, the top Democratic presidential contender, who chose to speak against the deal last weekend in Michigan, the birthplace of the US automobile industry.
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