|
Lee has infuriated North Korea since he took office in early 2008. He ended a decade of liberal rule in which South Korea sought to embrace the North and refrained from criticism, a so-called "sunshine" policy that provided aid without demanding concessions. Pyongyang regularly calls Lee a traitor. While the nuclear standoff will top discussions, another tense issue looms for Lee and Obama: an ambitious South Korean-U.S. free trade agreement to slash tariffs on goods and services. The deal was painstakingly negotiated but currently is in limbo, stalled over U.S. lawmakers' worries it could hurt an already suffering American auto industry. The agreement signed in 2007 has been promoted as a potential $10 billion boon to the U.S. economy. Failure, supporters say, would threaten U.S. standing in an important region. Obama, however, has said the deal does not adequately deal with an imbalance that has heavily favored South Korean automakers. His administration is now reviewing the deal.
[Associated
Press;
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor