Grassroots effort is no substitute for true leadership on trade

It is unfortunate indeed, that a populist movement seems necessary now to advance a trade agenda that should be led by the Obama Administration.

By ·

Earlier this week the U.S. Chamber of Commerce, joined by Korean Ambassador to the United States Han Duk-soo and local partners, visited Orlando to meet with the state’s government and business leaders to continue its nationwide grassroots effort to promote the job-creating benefits of the Korea-U.S. Free Trade Agreement (KORUS).

It is unfortunate indeed, that a populist movement seems necessary now to advance a trade agenda that should be led by the Obama Administration. Can this be another “tea party” movement that will further complicate trade policies in the future? And if it’s just another reaction to counter the influence of U.S. organized labor, can it really succeed when the President is scurrying for political cover?

The Chamber doesn’t seem to care:

“The way to meet the goal of doubling exports over the next five years is by passing this agreement,” said Tami Overby, vice president for Asia Affairs at the U.S. Chamber. “The Korea FTA is a no-cost way to create jobs and grow the economy.”

As readers of this column know, we have long been trade advocates. It is worth noting that A U.S. Chamber study warned that failing to act on the Korea FTA could cause Florida’s Gross Domestic Product (economic output) to drop by $2.1 billion. More startling, Florida could lose 19,417 jobs, while nationwide the job loss could balloon to 345,017.

Like LM, The U.S. Chamber has been calling for action on the pending free trade agreements with Colombia, Panama and South Korea. Chamber leaders observe that if Congress does act and passes the Korea FTA, a congressional study shows that it will benefit the Florida economy and create 280,000 new jobs nationwide. It will immediately open new access for the state’s goods and services into Korea’s $1 trillion economy by eliminating Korean duties on Florida’s major agricultural products, such as frozen orange juice. Similarly, Florida’s exports of medical equipment and manufactured goods will benefit from greater market access and fewer regulatory barriers.

Korea has already successfully completed a free trade agreement with the European Union that is expected to be implemented by July 1, 2011. Korea’s FTA negotiations with Canada are also in the advanced stages.
“More than 19,000 jobs in Florida are at risk if this trade accord with Korea isn’t approved,” Overby said. “The world is moving forward with free trade agreements and the United States has to get into the game if they want to see the benefits.”

For related stories click here.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
B2B Sellers Prefer a Unified Approach for Ecommerce
A new study from Forrester Consulting, commissioned by NetSuite, found that many midmarket, B2B sellers say their ecommerce solutions have contributed to their growth in sales, new customer acquisitions and improved customer relationships.
Download Today!
From the August 2016 Issue
A growing number of low-cost lift trucks offer new avenues for pairing equipment and applications, but less cautious buyers might find that small up-front costs come at a steep price. Selecting the proper lift truck, lift truck tips 2016, Choosing the right Lift Truck
Megatrends in ocean freight
Ocean Cargo Roundtable: What’s in store for 2017?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...

Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....
Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...