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A Free Trade Agenda for 2011?

Happily, the US and South Korea reached a breakthrough on the trade agreement that the Bush administration had already signed, but which the Obama administration insisted on renegotiating. Perhaps this will undo some of the damage done to American credibility by Obama's failure to make good on a promise to finalize negotiations in time for last month's G-20 meeting. Next year Congress could ratify the agreement -- and maybe more:

Moving forward on the South Korea agreement could also provide momentum for the other trade deals held over from the previous administration, with Colombia and Panama.

Another senior official said the administration could make a decision early next year about when to submit all three agreements to Congress.

[Chuck] Dittrich, of the National Foreign Trade Council, said he hopes the administration seizes the opportunity. "I think that there's a momentum for a proactive trade agenda," he said.

Here's hoping.

View all comments (2) | Leave a comment

morris wise| 12.4.10 @ 10:55AM

Problems between friends should be shared. S Korea has been threatened, and the US has shared their problem by coming to their aid. In return they are sharing the job problem in the US by buying American built cars. One hand washes the other until they are both clean.

jgo| 12.5.10 @ 12:48PM

Where's the beef? With such little info there's no way to make a reasonable judgement. Is this trade agreement really for free and honest trade or is it just another scam going under the name of "free trade"?

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