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Obama Wants Korea Free Trade Agreement, A North American Free Trade Agreement-type Korea Free Trade Agreement
KORUS given thumbs up by UAW leader United Auto Workers President Bob King has endorsed the NAFTA-style KORUS, as have Jamie Dimon of JPMorgan Chase, Vikram Pandit of Citigroup, Tom Donahue of the United States of America Chamber of Commerce and John Engler of the National Association of Manufacturers. However, non-management personnel within the United Auto Workers are much less enthusiastic, as the Korea free trade agreement appears to have many of the exact same mechanisms that paved the way for the original NAFTA to send hundreds of thousands of American jobs out of the country. Korea Free Trade Agreement does serve the auto industry management well. Hamsher explains this. The Huffington Post explains that building trade unions under the AFL-CIO banner was keeping bargaining from Korea which is how Korea Free Trade Agreement is hurting other labor unions. Evidently labor presidents were "pressured" be Labor Secretary Hilda Solis. This is why the KORUS terms were accepted supposedly. 'Fair trade' can make it so eight hundred jobs are made while 159,000 jobs are listed Supposedly, eight hundred new jobs would be created with the UAW okay for 55,000 more automobiles under KORUS to be created. This is what the Congressional Research Service report explains. However, the NAFTA-style KORUS would cause 159,000 careers to be lost in five years for the U.S. job sector according to the Economic Policy Institute. The Korea Free Trade agreement with easing tariffs is a good thing though, based on the president. It would supposedly expand the export industry bringing $11 billion to the U.S. That would mean 70,000 additional American careers as the country's export sector effectively doubles over the same five-year period, Obama claims. Tax News explains that the United States of America and South Korea have to pass the KORUS in order for it to take impact, and South Korea may not be so easy to sway. Articles cited Huffington Post huffingtonpost.com/jane-hamsher/uaw-gets-800-jobs-for-end_b_792031.html?utm_source=DailyBrief&utm_campaign=120610&utm_medium=email&utm_content=BlogEntry&utm_term=Daily+Brief Tax News tax-news.com/news/US_S_Korea_Reach_Agreement_on_FTA______46677.html President Obama's KORUS announcement youtube.com/watch?v=YxG0C589Luk Article Directory: http://www.articledashboard.com Source of article - Obama wants KORUS, a NAFTA-style Korea free trade agreement by Money Blog Newz. |
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