Business firms in the United States will lobby for the approval in Congress of a recent global trade deal that the US sealed with South Korea after 10 months of discussion. The business groups, including lending institutions, insurance providers, meat exporters, and high-tech companies, vowed to persuade doubting legislators that the deal is worthy of approval. The global trade pact is due for signing on June 30 but the US Congress is scheduled to put in on the floor until the fall. However, the firms are quite optimistic that the agreement will be eventually signed.

Once approved, the global trade deal will raise US pork exports to four times its current amount. The income of the hog industry will soar from $232 million to $1.1 billion each year. Nick Giordano, who is the trade counsel for the National Pork Producers Council, considered it as a victory for the US agriculture sector, especially for pork manufacturers. Even leading US companies like United Parcel Service (UPS), the Citigroup, and airline giant Boeing support the agreement. Brian Peters of the Information Technology Council branded the deal as a "gold standard" in upcoming US deals.

However, while there is a huge clamor for the approval of the global trade agreement, there are still factions that question the new deal. Leading presidential contender Sen. Hillary Clinton said that it will be a big blow to the local car manufacturers. Ironically, her husband, former US President Bill Clinton, supported the passage of the North American Free Trade Agreement (NAFTA) in 1993. Nevertheless, the business firms will still push for the approval of the agreement before other countries like the European Union (EU) and Canada put a lock on similar deals with South Korea.  

Meanwhile, the US-South Korea free global trade agreement is the biggest deal since the the signing of the NAFTA. The deal needs to be signed by both governments before its expiration on June 30. It will then be sent to Congress for passage. Karen Bathia, deputy US Trade Representative, assured US automobile manufacturers that the free trade pact will allow them to do business on equal terms. Moreover, in 2006, South Korea shipped 700,000 automobiles to United States as compared to only 4,000 exported to Seoul. The US has an $11 billion global trade automobile surplus deal with South Korea. The figure comprises 82 percent of the entire deficit, which is expected to increase from $750 to $800 million per year.