Wednesday, July 7, 2010


President Obama says he'll push for trade agreements with Colombia, South Korea and Panama, the New York Times reports.

Rob Scott at the Economic Policy Institute just posted his report that shows a trade deal with South Korea will

... increase the U.S. trade deficit with Korea by about $16.7 billion,
and displace about 159,000 American jobs within the first seven years after it takes effect.

Global Trade Watch points out that Panama

is one of the world's top venues for tax evasion and money laundering

and that the proposed trade deal includes special requirements that take into consideration, much less try to counter, Panama's banking secrecy rules, lax financial service regulations or designation as a venue for money laundering and tax evasion. In fact, if the Panama FTA were adopted, it would make these matters of bipartisan concern worse.

The U.S. Labor Education in the Americas Project reminds us that Colombia kills more trade unionists than all other countries in the world combined.

Through April 2010, more than 2,700 trade unionists have been assassinated in the last two decades. Virtually no one is prosecuted or convicted for these murders, with approximately a 96% impunity rate.