Obama praises trade accord between US and Colombia

President Barack Obama is praising the free trade agreement between the United States and Colombia, saying it includes protections for workers and the environment that will serve as a "win" for both countries.

Obama and Colombian President Juan Manuel Santos said at a joint news conference that the trade deal will go into effect May 15.

Obama says it will support "thousands of U.S. jobs" and give Colombia a market for exports.



Source: Bloomberg Businessweek