We have been fed lie after lie regarding all of our past trade agreements. Why should we believe that the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), or the Trade in Services Agreement (TiSA) should be any different? This is why we are working on a economic research study to see what exactly is going on with Free Trade Agreement (FTA) countries and non-FTA countries. We want to know what happened prior to FTA and post FTA. We want to be a credible source for our members!
With KORUS alone, the Office of the US Trade Representative (USTR) published data on its website which gives a false impression to Congress and the public that the Korea trade results are positive. The USTR’s misleading method cherry picks small slices of trade data, excludes imports, and claims positive export results in only those areas. Nowhere does the USTR acknowledge the vast majority of poor performing trade categories or the aggregate worsening of the trade deficit.
Here are President Obama’s 2010 promises upon his signing the KORUS deal:
"Essential to that is opening new markets around the world to products that are made in America. Because we don't simply want to be an economy that consumes other countries' goods. I'm not interested in signing trade agreements for the sake of signing trade agreements.” Deal with South Korea could create 70,000 American jobs, $10 billion in exports, Obama Promises, Daily News, 12/4/10.
But we see just the opposite happened!