Critics of trade agreements often claim that by greenlighting free trade, labor standards decrease. Their reasoning is that, in the rush to produce the cheapest possible product, the workers rights and safety are sacrificed. According to VoxEU.org, a collection of European economists that analyze public policy, evidence supports the contrary of the ‘conventional wisdom.’ According [...]
South Korea is a step closer to a free trade agreement with the EU as the European Trade Commissioner, Catherine Ashton, and her Korean counterpart, South Korean Trade Minister Kim Jong Hoon signed a trade pact in Brussels. The trade agreement must now be approved by the 27 member countries of the EU, the European [...]
Surface trade for the North America Free Trade Agreement (NAFTA) has increased by 1.7% in July versus June 2009 however when compared to the same period in 2008, trade was 28% lower: Surface transportation trade among the United States, Canada and Mexico plunged 28% in July from a year earlier, though rose from June, the [...]
Although I’m rushed for time today, there’s an interesting editorial in the LA Times called “Obama and free trade: What’s the deal?” written by, well, it doesn’t really say. But the author makes the point that it’s quite hard to tell what President Obama’s policy is on free trade. Sometimes he says he wants to [...]
Here are the specifics from the Proclamation: (1) In order to reflect in the HTS the modifications to the rules of origin under the NAFTA, general note 12 to the HTS is modified as provided in Annexes I and II of Publication 4095 of the United States International Trade Commission entitled, “Modifications to the Harmonized [...]
