General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRemember how the S. Korea trade deal was supposed to increase U.S. exports?
>>>
It didn't.
U.S. exports to South Korea fell 3 percent in October over October 2011. Imports from South Korea rose 3.4 percent for the same period.
Public Citizen explains (note: FTA is jargon for "free trade agreement" :
In comparison with the FTA-free month of October 2011 (after adjusting for inflation), this FTA-encumbered October saw 3% fewer exports to Korea, 3.4% more imports from Korea, and a 20.4% jump in the U.S.-Korea trade deficit. For the full seven months since the FTA's implementation for which data is available, exports have fallen 7.5%, imports have risen 0.4%, and the deficit has widened 23.3% in comparison to 2011 levels. That's bad news for U.S. job creation--the promise under which the Obama administration sold this NAFTA-style deal.
>>>
http://teamsternation.blogspot.com/2012/12/remember-how-s-korea-trade-deal-was.html
Meanwhile,
Ambassador Kirk Visits the Third Way to Discuss Trans-Pacific Partnership
12/12/2012 7:29 PM
>>>
The Trans-Pacific Partnership (TPP) will help grow the American economy and support American jobs by increasing exports and opening up markets. Thats the message U.S. Trade Representative Ron Kirk shared with small business owners, academics, CEOs, and members of the press attending a breakfast briefing hosted by the Third Way policy center earlier this week.
>>>
http://www.ustr.gov/about-us/press-office/blog/2012
Another NAFTA style trade agreement on the way.
LeftofObama
(4,243 posts)Sekhmets Daughter
(7,515 posts)is not your ordinary trade agreement....it is much worse.
sabrina 1
(62,325 posts)Hopefully it will be stopped now that Democrats won the election, gained seats in the Senate and enough in the House to weaken Republicans and the WH.
Arctic Dave
(13,812 posts)Just like the the rest of the American job give away programs he's signed.
Egalitarian Thug
(12,448 posts)PETRUS
(3,678 posts)pampango
(24,692 posts)is way, way out of balance.