I haven’t really studied the proposed free-trade deals with Panama and Colombia, but I can support the free-trade agreement with South Korea. After the disastrous midterm elections, I didn’t expect much of anything except these free trade agreements to pass in this Congress. I have been surprised at how little controversy or even discussion they have aroused. This is the first article I’ve seen on how these treaties are progressing. It looks like they’re on target. The administration is refusing to move the bills unless the Republicans cave on their opposition to the expansion of the Trade Adjustment Assistance Program (TAA). The Republicans are complaining about this demand because it costs money and they don’t give a shit about the people who lose their jobs because of international trade. But they’ll gladly pony up the money to get these trade deals done.
I reserve the right to change my mind, but I don’t think we have enough trade with Colombia or Panama to gain or lose a whole lot through these deals. South Korea, on the other hand, will be open to a lot more American products on more even terms. I think we will definitely get the better end of the deal.
But, hey, anyone who is a trade buff, feel free to weigh in with your opinions on the pros and cons of these agreements.