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Barack Obama said to be poised to submit trade accords with Panama, Colombia and Korea with the US Congress

Monday, October 3, 2011


President Barack Obama may send free- trade agreements with South Korea, Colombia and Panama to Congress for consideration as soon as today, according to a person familiar with the administration’s plans.

The trade pacts have been stymied in a stalemate with House Republicans over benefits for workers hurt by import competition.

The Senate voted to extend the aid on Sept. 22, and House Speaker John Boehner, an Ohio Republican, said he would consider the program, called Trade Adjustment Assistance, in tandem with the trade deals once the Obama administration submits legislation to enact the agreements.

Original source: Bloomberg