Economy
Related: About this forumU.S.-EU Free Trade Agreement
In his 2013 State of the Union Address, President Obama announced the U.S. would soon begin talks on a Trans-Atlantic Trade and Investment Partnership. In other words, the U.S. will begin negotiating a free trade agreement (FTA) with the European Union (EU).
The AFL-CIO believes that increasing trade ties with the EU could be beneficial for both American and European workers but as with all trade agreements, the rules matter. Generally speaking, both regions have advanced economies, high national incomes and well-developed legal and regulatory regimes designed to protect the environment and defend workers rights. And in many respects, the European nations social programs to protect families and the environment exceed those of U.S. laws and regulationsand any U.S.-EU agreement must not be used as a tool to deregulate or drive down these higher standards. If that is the goal, working families of both regions will pay the price.
However, it is important for there to be a new approach to this agreement: the status quo approach to trade has resulted in increasing income inequality, stagnating or declining wages and unacceptably high trade deficits that are sapping economic growth.
Read more here: http://www.aflcio.org/Issues/Trade/U.S.-EU-Free-Trade-Agreement
All of our trade deals so far have simply pushed down wages and made money for the 1%. We should beware of further trade deals on the same model no matter who they are with. These are corporate-rights agreements through and through.
Angry Dragon
(36,693 posts)OrwellwasRight
(5,170 posts)How do we make our voices louder than the corporations in this plutocracy we live in?
Angry Dragon
(36,693 posts)Anything I could think of would be illegal
OrwellwasRight
(5,170 posts)let me know if you come up with anything.
Legal, that is.
Vincardog
(20,234 posts)upi402
(16,854 posts)Thom Hartmann said it, I agree.
So we want to attach ourselves to this sinking ship... WHY???
OrwellwasRight
(5,170 posts)EU is already a top three trading partner, so whether we do an FTA or not, we certainly will sell less there if their economy stagnates. But there are 85% of the world's customers outside Europe so we won't be tied to them, fate wise, either way I think.