tonight's State of the Union Address is a unique opportunity for the President to speak directly to the American people and offer his course for the country. The President is promoting trade as part of his agenda and I commend him for highlighting global competitiveness as an economic imperative. With the upcoming debate on the U.S.-Korea Free Trade Agreement, the President has an opportunity to speak candidly with the American people about the benefits and challenges posed by trade. Doing this supports the case that the United States needs new policies to rise to the challenges of a global economy. In order to avoid a divisive, ugly fight over trade, I would like to hear the President say in his speech that he will seek to establish a new compact between workers, business, and government about how to increase our competitiveness in the global economy. It is important to try to reach this consensus before Congress is asked to consider the controversial free-trade agreements, FTAs, reached with Korea, Colombia, and Panama. The President has already begun down this path by ramping up efforts to combat unfair trade practices and establishing the National Export Initiative with the goal of doubling exports over the next 5 years. These are both important strategies. In approaching the pending FTAs, it is vital that he talk about more than just exports; he must also highlight the value of imports, two-way trade, and the global supply chain.
Editor's note · Context
Wyden discusses the importance of trade and the upcoming U.S.-Korea Free Trade Agreement in the context of the State of the Union Address.
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