An international trade deal could be coming down the pike soon.
The U.S. is expected to announce it’s signing a multi-billion dollar deal with South Korea, the world’s largest exporter of apparel, next week, a senior White House official said Wednesday.
The official, who spoke on condition of anonymity, said President Donald Trump and Secretary of State Rex Tillerson will announce the agreement in a meeting on Monday.
The White House has said the deal will be a major boost to the United States’ international image, but it faces stiff opposition from Congress, which will have to weigh in.
The trade deal would include a wide range of products, including dairy products, beef, poultry, seafood, automobiles, machinery and electronic components.
Some of the most pressing issues will be whether the United Nations will approve the deal.
In March, the U.N. General Assembly approved the Comprehensive Economic and Trade Agreement with South Africa, but that accord, which also includes a free trade deal with Canada, expires in December.
The Trump administration, however, is still hopeful it will be approved, even as its own trade experts warn that the deal’s requirements for the U.,S.
to take action on climate change and other environmental concerns will be hard to meet.
“This is a very important agreement,” said Matthew Gould, the director of the Center for Global Development’s Asia program.
“The United States will have a tremendous impact on the global economy and on the lives of people around the world.”
Trump has vowed to renegotiate the North American Free Trade Agreement and said he will announce his intentions on the future of the North Atlantic Treaty Organization trade pact in early 2018.
The president also said he wants to create a “global champion for American jobs,” according to a tweet from the White House.