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Obama wants to make deal on Korea FTAs ratification

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The White House said Tuesday U.S. President Barack Obama wants to reach a deal on the ratification of the pending free-trade deal with South Korea before he flies to Seoul for a summit of the leaders of 20 major economies, Yonhap News Agency reported.

In a statement, White House spokesman Robert Gibbs said, "The president underscored that we hope to use the next week to make progress toward an agreement," according to Yonhap. "If we can reach a satisfactory agreement on the key issues for American workers, we will have a deal."

Gibbs was discussing the telephone conversation Obama had with South Korean President Lee Myung-bak late Monday ahead of his travel to Seoul for the G-20 summit on Nov. 11 and 12.

Obama embarks Friday on a 10-day trip to Asia which will also take him to India, Indonesia and Japan.