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Obama urged to move for ratification of Korea FTA
By Hwang Doo-hyong
WASHINGTON, Jan. 12 (Yonhap) -- The biggest U.S. business lobby called on the Obama administration Tuesday to seek Congressional approval of pending free trade deals with South Korea, Colombia and Panama to help create jobs amid the worst recession in decades.
"Washington is sitting on pending trade agreements with South Korea, Colombia, and Panama," Thomas Donohue, president of the U.S. Chamber of Commerce, told a forum here. "If we fail to pass them, we will not only miss opportunities to create new jobs, but we will lose existing jobs."
Obama has been lukewarm on the free trade deals with the three countries signed by the George W. Bush administration amid rising protectionist sentiment in the Democratic Congress over possible job losses.
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