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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Schwarzenegger urges US Congress on trade pacts AFP - Wednesday, September 15 Send IM Story Print Schwarzenegger urges US Congress on trade pacts Slideshow: Full Photo Coverage: Business & Economy SEOUL (AFP) - – Californian Governor Arnold Schwarzenegger urged the US Congress Wednesday to ratify stalled free trade agreements including one with South Korea if it wants to start "putting people back to work". He was speaking in South Korea, the third and final leg of an Asian trade mission. The governor said the pacts with Colombia, Panama and South Korea had been "gathering dust" in the halls of Congress for more than three years. In his State of the Union Address, he said, President Barack Obama had pledged to double US exports in five years. "This is music to my ears. I commend the president for his words and for his vision and for his action. Now we need some action from Congress," Schwarzenegger said. Together, the three free trade agreements could boost US exports by 10 billion dollars and create tens of thousands of new jobs, he said. "What are they waiting for? We're sending our representatives to Washington... to do some work." Schwarzenegger, in a speech to members of the American Chamber of Commerce, said ratification of the pacts would bring increased exports, production and investment, all of which create jobs "at a time when we need them most". "So I say to Congress, if you are for jobs, and if your number one priority is stimulating the economy, if you believe in economic freedom, then approve those free trade agreements so we can start putting people back to work -- not next month, not next year, but right now." Then-president George W. Bush completed negotiations in 2007 on the US-South Korea agreement, which would be the largest for the United States since the 1993 North American Free Trade Agreement with Canada and Mexico. But the Democratic-led Congress has not taken up the pact. Lawmakers -- including Obama, when he was a senator -- contended it did not give enough access for US cattlemen and carmakers to Asia's fourth largest economy. California is the number one US state for exports to South Korea. The Korea Economic Institute has estimated the free trade pact would increase the state's exports to Korea by 1.72 billion dollars annually. The former Hollywood actor has vowed to be "salesman in chief" for recession-hit California during his Asian tour, which earlier took in China and Japan. Recommend Send IM Story Print Related Articles China plans to monitor firms' environment impact AFP - 15 minutes ago Australian regulator delays ruling on BHP-Rio link AFP - 20 minutes ago Tata Motors says global sales up 29 pct in Aug Reuters - 25 minutes ago Qatar exchange to resume trade at 0720 GMT Reuters - 26 minutes ago Total expects stable output in 2011 Reuters - 27 minutes ago News Search Top Stories Toddlers immune to 'contagious' yawning: study Obama, Republicans in rich row over tax Dollar falls, gold soars on global economy jitters Reinsurers float 20-billion-dollar plan for BP-type blowout Global hunger declines for first time in 15 years: UN More Top Stories » Related Full Coverage Free TradeFree Trade All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended 'Time bomb' superbug requires global response: doctor Miracle as 36 survive Venezuelan plane crash Huge Saudi arms deal aimed at Iran, Yemen troubles: analysts Dollar falls, gold soars on global economy jitters Doomsday warnings of US apocalypse gain ground More Most Viewed » Climate: New study slashes estimate of icecap loss Earth's upper atmosphere shrinking, scientists say US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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