Thursday, May 10, 2007

UPDATE 1-U.S. Democrats, Bush strike deal on trade

(Reuters) - WASHINGTON, May 10 - The Bush administration and Congress reached a deal on Thursday that paves the way for U.S. approval of free-trade pacts with Peru and Panama but leaves agreements with South Korea and Colombia in doubt.

The leader of the House of Representatives, Speaker Nancy Pelosi, said the deal set the stage for a "free and fair" U.S. trade policy by incorporating enforceable labor and environmental standards into bilateral trade deals.


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