U.S. news outlets say that U.S. President Barack Obama will likely send a bill on the Korea-U.S. free trade agreement to Congress on October third, local time.
The U.S. president has delayed the submission of the bill until the renewal of the Adjustment Assistance (TAA) program, which served as a major obstacle to the ratification of the Korea-U.S. FTA, is guaranteed at the Republican-controlling House of Representative.
The congressional newspaper “Hill” also said that the White House will send the Korea-U.S. FTA bill to Congress on as early as October third, although it has yet to reach a complete agreement on procedures to approve the bill with Republican Rep. John Boehner, the House speaker.
The Hill quoted observers as saying that the White House will send a bill seeking the ratification of the U.S.’ trade pacts with South Korea, Colombia and Panama early next week. Or at least, the observers said that the White House will work to have the Korea-U.S. FTA approved by Congress before October 13th when South Korean President Lee Myung-bak will pay a state visit to the U.S. and hold a summit meeting with President Obama.