Blocking Trade Agreements Stifles Exports; Congressional Action Must Back Obama's Words

The Washington Times (Washington, DC), May 20, 2010 | Go to article overview

Blocking Trade Agreements Stifles Exports; Congressional Action Must Back Obama's Words


Byline: Gary Shapiro, SPECIAL TO THE WASHINGTON TIMES

Earlier this year, President Obama set an ambitious goal of doubling the nation's exports in five years as a way of creating 2 million American jobs. To get there, he called for passage of three pending free trade agreements with Panama, Colombia and South Korea, which have been stalled since the Bush years.

Our nation's leader is absolutely right. As head of an association representing some 2,000 consumer technology companies, I know full well that agreements like these are vital to the growth of this nation's high-tech industries. These free trade agreements eliminate tariffs on American made exports and thus allow American companies to compete. Trade agreements grow our exports and create thousands of American jobs.

In total, U.S. companies exported $1.6 trillion in goods and services in 2007, helping support 16 million jobs, according to the Small Business Administration. That number peaked in 2008 at $1.8 trillion, before falling to $1.5 trillion last year. That loss represents tens of thousands of American jobs. The best way to get them back is to open international markets.

The cost of inaction couldn't be clearer. The U.S. Chamber of Commerce estimates that passage of the Colombian and South Korean trade agreements could contribute as much as $44.8 billion in national output and add 383,000 jobs.

In 2009, failure to pass the Panama trade pact could have been an important factor in Panama's decision to award a $3 billion contract to a European consortium over an American company to build new locks for the Panama Canal, according to James Roberts of the Heritage Foundation. The canal expansion project is the largest construction project in the Americas and American companies are shut out without the passage of the Panama free trade agreement.

The simple truth is that while the United States dithers, the rest of the world is breaking down trade barriers. Last October, the EU signed a trade deal with South Korea, and is moving ahead on a deal with Colombia. At the same time, the Colombian trade minister met with Canadian officials last week to help cement a trade agreement with our competitors to the north.

The United States is losing its competitive edge in the global marketplace as long as it follows the union script and shifts to protectionism. Most union objections to these trade agreements are either weak or outdated. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Blocking Trade Agreements Stifles Exports; Congressional Action Must Back Obama's Words
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.