Free trade agreements (FTAs) have economically benefited nations the world over since their inception. Poverty rates in countries with low trade barriers are significantly lower, and data in The Heritage Foundation’s Index of Economic Freedom demonstrate that free trade also leads to higher incomes, more jobs, and greater equality.
That’s why it’s vitally important to quickly enact the three pending U.S. trade agreements with Colombia, Panama, and South Korea. These FTAs have been sitting on the President’s desk since 2007 for no good reason. President Obama has finally made them a priority by sending them to Congress last Monday night.
House Speaker John Boehner (R-OH) endorsed the bills, and it is past time to put them through–especially considering the opportunities already lost in the four-year stall. So far, Washington’s inaction on trade has given other countries the upper hand, delivering new jobs and exports overseas and eliminating such prospects for American workers who desperately need them.
More...
The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
