What do 67 freshman Republican, the New Democrat Coalition, Secretary of State Hillary Clinton, and Ways & Means Committee Chairman Dave Camp have in common?
They are all advocating for rapid implementation of America’s three outstanding trade agreements: Colombia, Panama, and South Korea from 2007.
Failure to implement these agreements could cost the United States more than 380,000 jobs, according to the U.S. Chamber of Commerce.
When considering these agreements, it is important to remember that the vast majority of the world’s purchasing power (73%), economic growth (87%), and consumers (95%) are outside of the U.S, and the U.S. is underrepresented in current trade agreements. For instance, there are 262 free trade agreements in force around the globe today, but the United States has free trade agreements with just 17 countries.
Free trade agreements are important to our nation’s economic competitiveness and jobs at home. Learn more about the U.S. plans for trade agreements here.