Posted by Tina
I keep scratching my head in wonder! Does this administration want Americans to work?
EU Grabs Korea Trade Pact That Was Ours – IBD
Free Trade: Europe just walked off with the second-biggest trade deal in history with South Korea, bringing a fresh $26 billion to both economies and extending their clout globally. It’s a prize that could have been ours. Welcome to the new America, the land of the left behind. As the Obama administration dithers for the eighth straight month about three pending free-trade treaties, those dust clouds you see are Europe taking off and running with the big one — South Korea. ** The EU-Korea pact is expected to take effect next June. Media reports say Congress won’t take up U.S. free-trade agreements with Korea (or Colombia and Panama, for that matter) until 2011 at the earliest. That’s time enough for Europe to snap up our market share. No wonder the Europeans are smiling. ** EU trade pacts are also in the works with India and the Asian Tiger states of the Association of Southeast Asian Nations (ASEAN) — Singapore, Malaysia, Vietnam, Brunei, Indonesia, the Philippines, Burma, Thailand, Laos and Cambodia. And talks with Pakistan (with a GDP ranked 48th) start Oct. 19.