President Lee Myung-bak’s upcoming state visit to the United States is expected to receive a warmer reception than ever before ahead of the impending endorsement of a free trade agreement (KORUS FTA) between the two countries.
Taiwanese industries must prepare themselves for the impact of an upcoming free-trade agreement (FTA) between the US and South Korea, which might hurt local business opportunities in the US market, the Bureau of Foreign Trade (BOFT) said.
Although Canada and Mexico make extraordinarily large contributions to America’s economic strength, homeland security and international effectiveness, they have virtually no influence in Washington’s corridors of power.
"Assuming this free-trade agreement gets passed, this will increase imports from Colombia to the United States ... and Canada will pay for the cost of Colombian goods shipped to the US," said Birgit Matthiesen, a US-based adviser for the Canadian Manufacturers and Exporters, a Canadian business lobby.
The AFL-CIO, the nation's largest labor federation, opposes all three agreements and will hold a Capitol Hill demonstration Tuesday to protest them. But the short timeline mapped out for passage gives opponents little time to block the deals.
Obama does not mention that FTAs traditionally have prompted US companies to transfer their manufacturing processes to countries with lower wages, rather than noticeably creating jobs in this country, writes COHA
The Korea Federation of Retail Organizations plans to hold a nationwide rally at the end of this month to call for protection measures related to the free trade pacts with the European Union and the United States.
The implementation of the signed free trade agreement (FTA) with the United States will likely cause billions of dollars in damages to South Korea's farming industry, a government report showed Tuesday.
The Republicans’ refusal to reference the Colombian Action Plan Related to Labor Rights in the US-Colombia free trade agreement’s implementing bill — and the Obama administration’s acquiescence to that refusal — is a fundamental flaw that is becoming increasingly apparent, writes US Representative Sander Levin