Wednesday, October 12, 2011

Statement By President On Passage Of Trade Agreements, Trade Adjustment Assistance

The Senate gave final approval on Thursday to the Trade Agreements and Trade Adjustment Assistance measures with Panama, Columbia and South Korea. The House passed the bill earlier in the day. President Obama's statement:

"The landmark trade agreements and assistance for American workers that passed tonight are a major win for American workers and businesses. I’ve fought to make sure that these trade agreements with South Korea, Colombia and Panama deliver the best possible deal for our country, and I’ve insisted that we do more to help American workers who have been affected by global competition. Tonight’s vote, with bipartisan support, will significantly boost exports that bear the proud label “Made in America,” support tens of thousands of good-paying American jobs and protect labor rights, the environment and intellectual property. American automakers, farmers, ranchers and manufacturers, including many small businesses, will be able to compete and win in new markets. I look forward to signing these agreements, which will help achieve my goal of doubling American exports and keeping America competitive in the 21st century."


South Korea overview:

*Fact Sheet On US-South Korea Free Trade Agreement [PDF]

*Economic Value of US-South Korea Free Trade Agreement [PDF]

*USTR agriculture information for South Korea agreement is here.

*USDA's Fact Sheet on Benefits For Agriculture [PDF]

Other fact sheets:

*Fact Sheet: Agriculture and the US-Panama Trade Agreement [PDF]

*Fact Sheet: Expanding US Markets For America's Farmers and Ranchers through US-Colombia Trade Promotion Agreement [PDF]

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