South Korea/US Free Trade Pact

From the BBC:
"US Congress votes through South Korea trade deal"

US lawmakers have approved a long-delayed free trade agreement with South Korea, calling it the most significant in 16 years. Both houses of Congress voted in quick succession on Wednesday to approve the agreement, as well as pacts with Panama and Colombia. It will now go to President Barack Obama to be signed into law. The agreement is expected to increase US exports to the Asian economy by as much as $10bn (£6.5bn). The free-trade deal with South Korea is the largest US trade pact since it signed the North American Free Trade Agreement in 1994. However, it still needs to be passed by the South Korean parliament.

^ I don't really see this Free Trade Pact as doing anything major to the US Economy - not like NAFTA did or a European Free Trade Pact would. ^

http://www.bbc.co.uk/news/business-15284813