Alliance for Democracy

Posted in Investor Protection Clauses, Korea Free Trade Agreement, NAFTA, Sen Ron Wyden by Alliance for Democracy Portland OR on February 5, 2011

President Obama promoted the Bush negotiated NAFTA style Korea (South) Free Trade Agreement during his State of the Union address. He said,  “And last month, we finalized a trade agreement with South Korea that will support at least 70,000 American jobs. This agreement has unprecedented support from business and labor, Democrats and Republicans — and I ask this Congress to pass it as soon as possible.

“Now, before I took office, I made it clear that we would enforce our trade agreements, and that I would only sign deals that keep faith with American workers and promote American jobs. That’s what we did with Korea, and that’s what I intend to do as we pursue agreements with Panama and Colombia and continue our Asia Pacific and global trade talks.”

Note that he said that this agreement would support 70,000, not that that number would be created. (more…)

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