Trade Commentary

... http://www.nytimes.com/2007/04/03/business/worldbusiness/03trade.html?n=Top/News/World/Countries%20and%20Territories/Panama&pagewanted=all U.S. and South Korea in Landmark Trade Deal By CHOE SANG-HUN Published: April 3, 2007 Correction Appended SEOUL, South Korea, April 2 - United States and South Korean negotiators struck the world's largest bilateral free trade agreement on Monday, giving the United States a badly needed lift to its trade policy at home and South Korea a chance to reinvigorate its export economy. Negotiators announced the agreement, the culmination of a 10-month effort. "This is a strong deal for America's farmers and ranchers, who will gain substantial new access to Korea's large and prosperous market of 48 million people," Karan K. Bhatia, the deputy United States trade representative, said in Seoul Monday . "Neither side obtained everything it sought," he added. If ratified, the trade deal would eliminate tariffs on more than 90 percent of the product categories traded between the countries. South Korea agreed to lift trade barriers to important

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