We have arrived

The three stalled free trade agreements with Panama, Colombia and South Korea finally passed today in both the House and Senate. This comes after five years of controversy, since the U.S. Colombia FTA was signed in 2006.

House final vote

Colombia – 262-167

Panama – 300-129

South Korea – 278-151

Senate final vote

Colombia – 66-33

Panama – 77-22

South Korea – 83-15

The Trade Adjustment Assistance program also passed. The TAA provides financial assistance and training to those workers who have been negatively affected by international trade. 

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About Dr. Sarita D. Jackson

is the President and CEO of the Global Research Institute of International Trade, a think-tank/consulting firm that examines trade policies and their impact on domestic businesses. Prior to heading GRIIT, Dr. Jackson was a tenured associate professor of political science in North Carolina and worked as a trade policy consultant for an Arlington-based consulting firm. She has participated in trade policy projects and conducted research on free trade negotiations in Botswana, Antigua and Barbuda, Dominica, Dominican Republic, Mexico and Panama. Dr. Jackson has also traveled to Chile and Argentina to study their political systems and economic integration policies.
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3 Responses to We have arrived

  1. Kim Smith says:

    NPR had an interesting story on the agreements, with experts noting the agreements’ pros and cons. In sum: Overall job creation might be offset depending on the degree of increased imports.
    http://www.npr.org/2011/10/12/141264928/will-free-trade-agreements-really-create-jobs. And that is why the provision was placed in there to allow for training of displaced workers affected by the agreements. There’s always a fly in the ointment. Ain’t no such thing as a free lunch.

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