U.S. and South Korean trade negotiators have a signed a new trade deal, the largest U.S. free trade agreement since NAFTA was signed over a decade ago. This is Karan Bhatia, U.S. deputy trade representative.

Karan Bhatia: “The free trade agreement we are announcing today is a historic accomplishment. By breaking down barriers to trade and investment, it will benefit the industrious and creative people of both of our countries, creating new economic opportunities and strengthening vital economic and strategic partnership that goes back half a century.”

Outside the trade talks, South Korean protesters rallied against the free trade deal. One man set himself on fire and shouted “Stop the Korea-U.S. FTA.” Farmers in South Korea have opposed the deal because they fear it will lead to an inflow of cheap U.S. agricultural imports. The trade deal must still be approved by lawmakers in Washington and Seoul.