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NEWS ABOUT: free trade agreements

South Korea's Lee Visits White House

State visit coincides with new free trade agreement

(Newser) - President Obama welcomed Lee Myung-bak to the White House with all the requisite pomp and circumstance today, touting the newly-minted free trade agreement between South Korea and the US. “With our landmark trade agreement, we will bring our nations even closer, creating new jobs for both our people and... More »

Congress Passes 3 Free-Trade Pacts

Obama scores win with S. Korea, Colombia, Panama deals

(Newser) - President Obama scored a victory with the passage of a trio of free-trade pacts yesterday, marking America's biggest trade expansion in nearly 20 years. The House and Senate both approved the pacts with South Korea, Colombia, and Panama. While the Latin American pacts may have little impact, the South... More »

Free Trade Under Fire as Protectionism Surges

November's G-20 agreement is abandoned as nations erect commerce barriers

(Newser) - The global recession has protectionism making a comeback, the New York Times reports, dimming hopes that leaders can create lasting solutions to the crisis at April’s Group of 20 economic summit in London. The last G-20 meeting, held in November, yielded an agreement to promote free trade that was... More »

Senate Dilutes 'Buy American' Plan

Amendment calls for stimulus plan to honor existing trade agreements

(Newser) - The Senate has voted to water down the "Buy American" clause in the economic stimulus package amid fears it could trigger a trade war, Reuters reports. The requirement that stimulus-funded projects use American-made iron, steel and manufactured goods now includes the proviso that it only be applied in a... More »

S. Korean Lawmakers Brawl Over Trade Bill

(Newser) - A melee erupted in South Korea’s parliament today as opposition MPs attempted to break into a closed committee chamber, the BBC reports. Members of the ruling party had barricaded the door as they began the process of ratifying a controversial free trade agreement with the US. Opposition lawmakers used... More »

Global Trade Talks Collapse

Breakdown halts seven years of progress to hammer out deal

(Newser) - World Trade Organization talks to forge a new global trade pact collapsed yesterday after seven years of negotiations. An EU spokesman called the breakdown a "massive blow to the confidence in the global economy." The talks fell apart as China and India demanded the authortity to impose "... More »

Obama Will Plunge US Into Recession

Dem's plans would spell disaster, says wonk for first Bush

(Newser) - Barack Obama’s campaign promises on the economy—particularly on taxes and trade—would be a disaster for Americans at all income levels, an adviser to the first President Bush writes in the Wall Street Journal. On “tax, spending, energy, regulatory, and trade policy, if the proposals espoused by... More »

Pelosi, Dems Hijack Colombia Free-Trade Deal

They change House rules to avoid a vote, angering Bush

(Newser) - Congressional Democrats thumbed their noses today at Bush's renewed efforts to pass a free-trade pact with Colombia. Bush sent the bill over Monday, mandating Congress to vote yea or nay within 90 days. Or so he thought. Nancy Pelosi is changing the House rules and won't allow a vote until... More »

Bush State of Union to Focus on Economy

Will stress need for recession-buster measures

(Newser) - During his final State of the Union address tonight, President Bush isn't expected to announce any dramatic new policy initiatives—but will emphasize the need for government action to ward off a recession. The speech, entitled “Trust and Empower,” will call on Congress to permanently extend his $1.... More »

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