Countdown to Lost Jobs
On July 1, the European Union-Korea Free Trade Agreement (FTA) will enter into force—knocking down Korean tariffs and giving European businesses new access to the Korean market. Six weeks later, the Canada-Colombia FTA will enter into force, giving Canadian businesses a leg up in Colombia.
Meanwhile, steep tariffs and other barriers will still shut U.S. goods and services out of the Korean and Colombian markets. American workers, farmers, and companies will be competing with one hand tied behind their backs. A U.S. Chamber study found that more than 380,000 American jobs could be lost if we delay.
Pass the trade agreements with Korea, Colombia, and Panama now—before it’s too late.
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