Arab Today, arab today us congress approves longstalled trade deals
Last Updated : GMT 15:36:22
Arab Today, arab today
Arab Today, arab today

US Congress approves long-stalled trade deals

Arab Today, arab today

Arab Today, arab today US Congress approves long-stalled trade deals

Washington - AFP

The US Congress approved long-stalled free trade agreements with Colombia, Panama and South Korea that President Barack Obama trumpeted as engines of growth and job-creation. The accords will \"significantly boost exports that bear the proud label \'Made in America,\' support tens of thousands of good-paying American jobs and protect labor rights, the environment and intellectual property,\" Obama cheered. The three deals sailed through by wide margins despite stiff opposition from labor unions historically allied with Democrats and from lawmakers fearful the pacts could finish off their home states\' wounded manufacturing sectors. The Republican-held House of Representatives votes were 262-167 for Colombia, 300-129 for Panama, and 278-151 for South Korea. The Democratic-led Senate approved South Korea by 83-15, Panama by 77-22, and Colombia by 66-33. The House also approved a Senate-passed measure aimed at helping US workers displaced by overseas competition, a measure the White House and its Democratic allies had made a precondition for advancing the trade deals. \"The landmark trade agreements and assistance for American workers that passed tonight are a major win for American workers and businesses,\" the embattled president said in a statement. Obama had made passing the accords -- negotiated and signed some five years ago under his predecessor, George W. Bush -- a core part of his strategy to battle 9.1 percent unemployment ahead of November 2012 elections. Secretary of State Hillary Clinton also hailed the agreements\' passage, describing South Korea, Colombia and Panama as \"three important partners in strategically vital regions,\" and adding that with the approval of the pacts, the United States had \"delivered for our friends and allies.\" The Obama administration said the deals will boost US exports by $13 billion and benefit US agriculture and manufacturing, and bolster diplomatic ties to all three countries. It has also warned that the United States stands to lose ever more market share to global competitors like the European Union or China as those economies have secured new trade deals. The pacts\' Republican and Democratic backers had been keen to pass them on the eve of visiting South Korean President Lee Myung-Bak\'s speech to a joint session of the US Congress, a rare diplomatic prize. Lee and Obama were to travel to Michigan on Friday to tour a General Motors plant -- one source, Washington hopes, of future car sales to South Korea thanks to the agreement. \"These significant trade pacts will provide new opportunities for American small businesses, farmers, and manufacturers to expand and hire more workers,\" said Republican House Speaker John Boehner. \"These free trade agreements will give our economy a much-needed shot in the arm,\" agreed Senate Finance Committee Chairman Max Baucus, whose panel has jurisdiction over taxes and trade. But many Democrats, notably from the hard-hit heartland, expressed worries about possible US jobs losses. \"Now is not the time to pass more wrongheaded free trade agreements,\" said Democratic Senator Sherrod Brown, who represents the rustbelt state of Ohio. \"We must put American jobs and American workers first.\" And major US labor unions -- whose sweeping get-out-the-vote drives have been critical to Democratic politicians -- opposed the accords on grounds they will only hasten the bloodletting in the country\'s wounded manufacturing sector. The AFL-CIO union that represents an estimated 12 million US workers waged a television advertising campaign to defeat the agreements. The ads pointed to a study by the Economic Policy Institute think tank in Washington that found the South Korea deal would cost some 159,000 US jobs. They also revived concerns about violence against labor activists in Colombia, where 51 were killed last year and 22 have been slain in 2011, and charged that Panama was a haven for money laundering and tax cheats. The White House said late Tuesday that Bogota had approved an \"action plan\" to improve labor rights and vowed to ensure it has been \"successfully implemented\" before Washington fully brings that accord into force. But many Democrats opposed the Colombia deal. \"I lost my faith in the legislation\" when efforts to include the labor rights provision in the actual agreement failed, said Democratic House Minority Leader Nancy Pelosi. \"If it\'s not in the bill, it doesn\'t exist.\" Colombian President Juan Manuel Santos, in a national address, said Obama \"kept his word\" and expressed \"gratitude\" to the US president, Bush, and the congress. The South Korea deal awaits approval of the parliament in Seoul, where opposition has likewise focused on ostensible threats to Korean jobs and businesses.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us congress approves longstalled trade deals Arab Today, arab today us congress approves longstalled trade deals

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us congress approves longstalled trade deals Arab Today, arab today us congress approves longstalled trade deals

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday