Final answer:
True, the U.S. Congress ratified free trade agreements with South Korea, Panama, and Colombia in October 2011.
Step-by-step explanation:
The statement that in October 2011, the U.S. Congress finally ratified the long-delayed free trade agreements with South Korea, Panama, and Colombia is true. These free trade agreements were part of the United States' efforts to enhance trade relations with these countries, similar to the previous agreements such as the North American Free Trade Agreement (NAFTA) signed with Canada and Mexico, which was ratified in late 1993. The ratification of these agreements with South Korea, Panama, and Colombia was aimed at reducing trade barriers like tariffs and promoting economic growth between the involved nations.