Mrcauser’s Weblog

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Here we go again…..

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More jobs lost here. But what else is new.

Hey! Did you get your tax increase? Did the deal with Oba mama and the Republicans reduce the deficit? Are the rich paying more?

Lol. Why does anybody not getting government handouts pay any attention to these criminals?

BBC News – US South Korea free trade deal a ‘win-win’

Both the US and South Korea have hailed their long-awaited free trade agreement negotiated this weekend as a “win-win” deal.

However, the final pact, which was originally signed in 2007 but never ratified, has been heavily criticised by South Korean opposition parties.

They branded the compromises made by Seoul “humiliating and treacherous”.

The deal needs parliamentary approval in both countries before it can be finally ratified.

President Barack Obama said on Saturday the agreement “includes several important improvements and achieves what I believe trade deals must do. It’s a win-win for both our countries”.

South Korean Trade Minister Kim Jong-Hoon also described the deal as a “win-win”.

Negotiations on the free trade deal broke down in the run-up to last month’s G20 meeting of leading economies in Seoul.
Car tariffs

A key sticking point to the 2007 deal were tariffs imposed by South Korea on US car imports.
Continue reading the main story
“Start Quote

We have been hit by the North with cannons and now we we’re being hit by the US with the economy”

End Quote Park Jie- Won South Korea’s Demcratic Party

But a compromise was agreed – the US will lift its 2.5% tariff on South Korean cars after four years, while South Korea will halve its 8% tarif

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Written by mrcauser

December 10, 2010 at 5:09 pm

Posted in Uncategorized

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