The Hagstrom Report

Agriculture News As It Happens

Obama signs free trade agreements, preferences, TAA

Obama signs US-Korea Free Trade Agreement
President Barack Obama signs the United States-Korea Free Trade Agreement Implementation Act, today. (Official White House Photo by Pete Souza)

President Barack Obama today signed the bills approving the implementation of free trade agreements with Korea, Colombia and Panama, as well as a bill extending the generalized system of preferences program through July 31, 2013, and reauthorizing the trade adjustment assistance program through Dec. 31, 2013.

Major business and farm groups praised the signing.

While some groups representing smaller farmers opposed the agreements, the National Black Farmers Association on Thursday endorsed them.

Association President John Boyd said he had discussed ways to improve opportunities for black and other minority farmers to make sales through international trade with U.S. Trade Representative Ron Kirk.