»»Banks, Insurers in U.S. Support Free Trade Pact with South Korea
U.S. banks, insurers, pharmaceutical companies and other businesses announced their support for a free-trade agreement with South Korea […] The agreement reached early this month in Seoul would eliminate duties on products such as South Korean autos and apparel and reduce investment barriers for U.S. insurers and banks. South Korea would phase out its tariffs on beef and pork. […]
However, U.S. automakers, farmers and lawmakers said they opposed it and vowed to get it rejected unless it was reworked to address their needs.
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