On the recordJuly 29, 2011
There is a path forward in both the House and the Senate for trade adjustment assistance, and we have bipartisan majorities in both Chambers waiting to vote for the Korea, Colombia, and Panama agreements. So why are we still waiting for the White House to do the right thing and send us these agreements? This ongoing delay is having a real impact on American businesses, and it will only get worse. On July 1, the European Union-Korea trade agreement went into effect. According to press reports, European exports to Korea rose 16 percent in the first 13 days after the Korea- EU Free Trade Agreement entered into force. Let's be clear about what this means. Korean consumers are choosing to buy German, French, and British cars, electronics, and agricultural products rather than American-made products because these European products now have a price advantage. This was entirely preventable if we had acted on the U.S.-Korea agreement sooner. Likewise, the Canada-Colombia agreement will go into effect on August 15. This will result in an advantage for Canadian goods, such as construction equipment, aircraft, and a range of other industrial and agricultural products. Much as with Korea, the United States businesses will find themselves at a competitive disadvantage because we have failed to act. Again, this did not have to happen. The administration finalized its labor action plan for Colombia back in April.…





