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President Obama met at the white house with the president of South Korea.
To celebrate the new South Korean free trade agreement approved by congress.
President said he'll sign it within days He called it a win for both our countries and small business.
It's a win for both our countries.
For farmers and ranchers here in the United States -- will increase exports of agricultural products.
From aerospace to electronics that will increase American manufacturing exports including those produced by our small businesses.
It will open Korea's lucrative services market and -- please that'll help.
Level the playing field for American auto makers.
Congress also approved free trade agreements for Colombia and Panama.
But White House officials say that these kinds of bilateral trade agreements will likely be things of the past that the US like other countries.
As looking for bigger deals involving multiple countries.
It's a much bigger bite of the apple could also coming helps rationalize.
The trade rules for our businesses.
They're not trying to figure out how to make sense you know of 2300 different bilateral agreement so we aren't ruling out bilateral agreements.
But we're looking to get the biggest bang for the buck can rationalize our trade policy.
The administration said it's actively pursuing a trade deal as part of the trans Pacific partnership a group of 8 nations in the Pacific rim.
It's also started talking to the European Union about a trade agreement involving services the only bilateral deal it's trying to negotiate right now is -- -- Brazil.
That's it for this edition of the small business report.
I'm Peter Barnes at the White House Fox Business Network.
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