The Korea FTA – yet another NAFTA-style deal – is the largest free trade agreement since NAFTA itself. The U.S. International Trade Commission predicts it will increase the already-massive U.S. trade deficit. Now that it has passed, we should expect to see job losses in the NW’s high-tech and green-tech sectors, among many others, as production shifts overseas.
The Korea FTA even has an annex that allows goods made by sweatshop workers under the North Korean dictatorship to enter the United States legally!
The agreement also bans “Buy Local” procurement preferences and trumps most new measures designed to combat global warming.
>> More details on the Korea FTA here.
Simply put, the Colombia FTA is the most offensive trade agreement that the U.S. has ever signed. Colombia is the deadliest country in the world to be a union member, and environmental and community activists are not much safer.
It is an outrage that the US would consider providing preferential trade conditions to a government with such close ties to paramilitaries and under the grip of such anti-worker and anti-community forces. And to make it even worse, conditions in the country have been getting worse, not better over the past few years!
The US should not be rewarding lawless behavior with a free trade agreement!
>> More details on the Colombia FTA here.
Remember the financial crisis and how much of the problem was caused by the secret dealings of big banks – operating behind closed doors with no regulatory scrutiny? So why in the world would the US want to sign a free trade deal with Panama, one of the most notorious money-laundering, tax-haven promoting, bank-account-offshoring centers on the planet?
The Panama FTA will allow US corporations full reign to locate subsidiaries there that would then be able to “trade” freely back to US consumers with little or no regulatory scrutinty. You have to be a Johnny Appleseed asleep for the past 10 years to believe this will help build the US economy!
>> More details on the Panama FTA here.