Free Trade Agreements And Jobs

What`s to be done? Violation of international trade agreements will not solve the problem. Nor is it a question of building more sophisticated business models. It`s about rethinking the way business is run. “It depends on the jobs,” Sapiro explains in the podcast. She says that`s why electronics don`t sew their own shirts. This is also why most American families do not grow their own wheat, grind their own flour and make their own bread. They have better things to do with their time. It is the same with foreign trade as it does with domestic trade. As the U.S. International Trade Commission (USITC) estimates that tariff reductions in the U.S.-Korea trade agreement will increase exports of U.S. products to Korea alone by $10 billion to $11 billion, the Obama administration is trying to harness the potential to support up to 70,000 additional jobs for workers who produce America-in-America goods and services here at home.

And by removing non-tariff barriers, which currently drive away U.S. exports from Korea, and calling for greater protection and implementation of intellectual property rights in Korea, the agreement will significantly support more exports – and even more U.S. jobs. Perhaps most importantly, the U.S.-Korea trade agreement will open $580 billion to Korea`s services market to even more competitive U.S. companies – and create additional jobs for U.S. workers in the supply, telecommunications, distribution, energy and environmental sectors. This report examines the impact of GVC`s trade and food participation on employment income and hence on employment, not only in the agricultural sectors, but also in other economic sectors. Access to all OECD publications on trade and employment in the OECD iLibrary. Colombia`s economy is the third largest in Central and South America. The International Trade Commission (ITC) estimates that the tariff reductions in the agreement alone will increase U.S. merchandise exports by more than $1.1 billion and support thousands more U.S.

jobs. The agreement will provide significant new access to the $166 billion service market in Colombia and provide greater opportunities for U.S. service providers. More than 80 percent of U.S. exports of industrial products to Colombia are immediately exempt from tariffs, including almost all agricultural products and construction equipment, aircraft and parts, auto parts, fertilizers and agrochemicals, as well as computer equipment.

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