Recently, President Obama proposed creating a new department by combining the Office of the United States Trade Representative (USTR) with most of the Department of Commerce and several other government agencies. The President suggests the move will streamline government, help small businesses and promote exports. However, placing USTR, one of the most nimble government agencies…
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“These free trade agreements will further open important markets for Chrysler, Ford and GM exports, and protect American jobs. Our companies can make the best cars and trucks on the road and we are excited for the opportunities these agreements represent.”
- American Automotive Policy Council
“Congress and the administration have now given us the opportunity to improve our…
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The Heritage Foundation, a conservative think tank, recently released three reports highlighting the economic benefits that the pending free trade agreements with Colombia, Panama and South Korea will provide. Below are key excerpts from the reports on each of the agreements, highlighting the importance of swift passage of all three agreements.
COLOMBIA
Advance U.S. Jobs and…
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This morning, the Committee on Ways and Means will hold a markup of the three long-pending, job-creating free trade agreements with Colombia, Panama, and South Korea. All three agreements enjoy broad bipartisan support in both the House and Senate. For too long, America has sat on the sidelines, losing ground to foreign competitors in nations that have already implemented…
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A recent publication by Third Way highlights the stories of ten iconic American products and services and shows how passing the pending trade agreements with Colombia, Panama, and South Korea can help consumers abroad “buy American” by reducing foreign barriers to American exports on everything from medical devices to French fries.
Excerpts from the report include:
…
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As the Wall Street Journal noted today, the recent implementation of the South Korea-EU trade agreement is having an immediate and positive impact on both countries. In the days following implementation of the agreement:
1. EU exports to South Korea increased by 16 percent
2. South Korea's exports to the EU increased 17.4 percent
So,…
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