World'd largest bilateral free trade agreement

South Korea and the United States have reached a trade deal that would eliminate tariffs on more than 90 percent of the products traded between the countries. South Korea lifted trade barriers for key products like cars and beef. The United States agreed to allow Seoul to continue to subsidize South Korean rice. http://www.newyorktimes.com This will not only affect the economic status of South Korea and the United States; but for the entire globe.