On the recordOctober 12, 2011
I rise to discuss the trade agreements pending before the Senate. I first want to note how pleased I am that a full extension of trade adjustment assistance will be sent to President Obama for his signature. This important program provides much-needed job training, health care, and income support to workers whose jobs are affected by trade. As we seek to grow our economy and increase exports we must take steps to train American workers and provide them with continued job opportunities. I am supporting the free trade agreement with South Korea because of its impact on California's economy. This agreement is not perfect, but on balance I believe it will benefit California. South Korea is California's 5th largest trading partner. California companies export more than $7 billion in goods there every year. This agreement will reduce tariffs and other trade barriers for California businesses that export goods to South Korea, resulting in greater productivity in my State. In addition, the South Korean economy is advanced, with per capita GDP equal to $30,000 year and a well- developed middle class, which will provide a substantial market for all types of U.S. exports. The South Korea Free Trade Agreement also includes strong intellectual property rights that protect U.S. patents and trademarks and copyrights for films and other recorded works. These provisions are very important for California's entertainment sector.…





