He said more than 40 percent of all us trade is with

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Unformatted text preview: President Obama has fought for an ambitious trade agenda that doubles exports in five years, levels the playing field for American workers and reflects American values,” said White House Press Secretary Jay Carney. “As part of that agenda, he has fought for Trade Adjustment Assistance for those American workers who lose their jobs due to increased imports or outsourcing. As a result of extensive negotiations, we now have an agreement on the underlying terms for a meaningful renewal of a strengthened TAA.” “Now it is time to move forward with TAA and with the Korea, Colombia and Panama trade agreements, which will support tens of thousands of jobs.” Business groups have been urging quick passage of these trade deals, which will reduce tariffs in these countries on imports from the U.S. “For members of Congress who care about American jobs, this is a moment of truth,” said Tom Donohue, president and CEO of the U.S. Chamber of Commerce. “I urge members of both parties to seize a reasonable compromise and move the trade agenda forward. The time to act is now.” The trade deal with South Korea alone is expected to increase U.S. exports by $11 billion a year. This agreement will produce more economic growth in the U.S. than all of the nation’s last nine trade agreements combined, according to the U.S. International Trade Commission. The Colombian trade deal is expected to increase U.S. exports by more than $1 billion a year. Panama, meanwhile, is one of Latin America’s fastest-growing economies. Some groups, however, contend the trade deals will be bad for American workers. “For most Americans, what’s newsworthy is not that the administration is pushing Trade Adjustment Assistance, which effectively is a job burial insurance program, but that pushing a deal on TAA is being used as political cover to move more NAFTA-style trade agreements that will kill more American jobs in the first place, especially given our high unemployment rates,” said Lori Wallach, director of Public Citizen’s Global Trade Watch. The breakthrough on the three trade deals came as the Obama administration released its National Export Strategy for 2011. The trade deals are critical to this effort, but the heart of the effort is to get more U.S. companies, particularly small and medium-sized businesses, to tap markets in the rest of the world. Few businesses are exporting now, and most of those are exporting only to one market. Interest in export opportunities is increasing, however., a one-stop portal for all the assistance the government can provide potential exporters, got 325,000 hits a month in 2010, up from 200,000 in 2009. U.S. exports jumped 17 percent in 2010, the largest increase in 20 years. This growth rate has continued in 2011. Gonzaga Debate Institute 2011 45 Mercury Politics Impact – SKFTA Good – Econ SKFTA is key to the economy Pore, The Independent columnist, 6/29/11 (Robert, Columnist for the Independent, 29 June 2011, “Trade key to building economy”,
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This note was uploaded on 01/14/2013 for the course POL 090 taught by Professor Framer during the Spring '13 term at Shimer.

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