Treasury Secretary Timothy Geithner says that the administration wants to move forward on FTAs with Panama and Colombia (in addition to South Korea). The Office of the U.S. Trade Representative says the same, though the deals will have to be re-examined. And by the way, who writes for the USTR? Wrap your tongue around this one:
“It will be necessary to correct the imbalance in the current negotiations in which the value of what the United States would be expected to give is well-known and easily calculable, whereas the broad flexibilities available to others leaves unclear the value of new opportunities for our workers, farmers, ranchers, and businesses,” the report said.
So we'll see. There is not much congressional resistance in principle to an FTA with Panama, but obviously Colombia generated a lot of controversy last year. No one has yet said how it would be made more palatable to get the votes. However, the bulk of the Colombia debate took place before the economic crash, so it is likely that support for free trade in general will have eroded in the meantime.