Hijjah 29, 1431, Dec 05, 2010, SPA - U.S. President Barack Obama vowed on Saturday to work with Republicans and Democrats to pass a free-trade pact with South Korea that he said was a model for future agreements he would seek in Asia and around the world. U.S. and South Korean negotiators struck a deal on Friday on the long-delayed pact, which was signed in 2007 but had not been ratified for three years because of U.S. auto and beef industry concerns. "The agreement we're announcing today includes several important improvements and achieves what I believe trade deals must do. It's a win-win for both our countries," Obama told reporters in Washington, according to a report of Reuters. Obama said the pact would boost annual exports of automobiles, agricultural products and other goods and services by $11 billion and generate 70,000 additional jobs.
