Congress expected to pass free trade deals with South Korea, Colombia, Panama

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Congress is expected to pass a long-pending free trade agreements with South Korea, Colombia and Panama on Monday afternoon.

The agreements, which were negotiated in the Bush administration, have strong support in a Congress eager to boost jobs through exports to foreign markets.

“These trade agreements will create tens of thousands of much-needed jobs here at home and boost our economy by billions of dollars, said Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee. He called on the House to approve companion legislation reauthorizing the Trade Adjustment Assistance program, which the Senate attached to another trade bill and returned to the House.

House Speaker John Boehner said the House will quickly vote on the three FTAs and TAA. He said Congress had “overcome a crucial hurdle to helping put Americans back to work. While the delay was unacceptably long and likely cost jobs, I am pleased the Obama Administration has finally done its part and sent these important trade pacts to Congress.”

Regards,

Leslie G. Brand III | Chief Executive Officer|  

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