Free Trade Agreements Moving
From The Hill:
Congressional lawmakers and the White House are closing in on agreement that could bring three pending trade agreements to a House panel for consideration next week.
The trade package under negotiation would include all three pending free trade agreements with South Korea, Panama and Colombia, reauthorization of the Generalized System of Preferences (GSP), which expired in December, the Andean Trade Preferences Act (ATPA) and the Trade Adjustment Assistance program (TAA)…
These agreements, originally stalled by Congressional Democrats during the Bush administration, would increase American exports and create jobs. The inclusion of TAA in the discussions, though, is disappointing. TAA has proven to be an effective waste of taxpayer money and should be allowed to expire.
Yesterday, Heritage Action’s CEO Michael A. Needham told CNBC, “The agreements will certainly not overcome the jobs we’ve lost during President Obama’s tenure. However, these jobs will be real jobs that are not dependent on government largess.”