Korea-U.S. Free Trade Agreement

California Fair Trade Coalition Fact Sheet for the Korea-U.S. Free Trade Agreement

For a thorough list of statements opposing the Korea-U.S. FTA, click here.
CFTC Reporter’s Memo Exploring Job Loss from the Korea-U.S. FTA
Rep. George Miller’s statement opposing the deal
Over 550 organizations signed on in opposition to the Korea-U.S. FTA
110 Members of Congress wrote the President to Oppose the Deal in July
SF Chronicle Op-ED: US best served by fair trade with South Korea
Did you know the Korea-U.S. FTA encourages financial deregulation and gives corporations special rights to sue if domestic laws are seen to hurt profits?
CFTC’s 2010 trade issue guide: Make it in California
Think KORUS is good for winemakers? Think Again.
Contact your Congressperson to tell them to oppose the Korea-U.S FTA

Other Statements:
AFL-CIO –“For more than a decade, the labor movement, environmental groups, development advocates and others have advocated for a new trade policy that is part of a more coordinated and coherent national economic strategy. The proposed U.S.-Korea trade deal does not live up to that model and does not contribute to a sustainable global future.”

International Association of Machinists –“[T]he same corporations that shipped thousands of U.S. jobs to other countries are now spinning Alice-in-Wonderland tales about how this agreement will create jobs here at home. Given our past experience with NAFTA and other trade agreements and the current state of the U.S. economy, the nation can hardly afford to fall for this ruse again.”

Communication Workers of America –“Our current economic climate simply cannot support a trade agreement that does not address U.S. workers’ rights and will cost more U.S. jobs. Further, the Korean union movement strongly opposes the agreement. So long as KORUS falls short of protecting the broad interests of American and Korean workers in these uncertain economic times, we will oppose it.”

United Steelworkers – “South Korea is a strong ally that deserves our friendship and support. They have it. But we do not need to inflict further damage to our manufacturing sector and the lives and livelihoods of our workers to prove the strength of our alliance.”

Friends of the Earth–“The Korea trade pact replicates some of the worst aspects of NAFTA (North American Free Trade Agreement), providing foreign investors the right to challenge U.S. public health and environmental regulations that could put a dent in their current or expected profits.”

Sierra Club–“The Sierra Club believes that trade done right can foster development and sustainable growth while also protecting workers and the environment in the United States and abroad. Unfortunately, the recently concluded U.S.-South Korea Free Trade Agreement (FTA) falls short of these goals… [W]e urge Member of Congress to oppose it.”

Public Citizen — “Merely tweaking the ‘cars and cows’ market access provisions of Bush’s NAFTA-style Korea trade pact but leaving in place the offhsoring-promoting foreign investor protections is a slap in the face to the majority of Americans who, according to repeated polls, oppose the same old trade policy that has cost millions of American jobs.”

U.S. Chamber Watch — “It’s crystal clear why the US Chamber is supporting a deal effectively shipping over 150,000 American jobs overseas: As the nation’s chief cheerleader for outsourcing, the Chamber gets to go to bat for its top corporate members (the CEOs of JP Morgan Chase, Citigroup, Boeing and GE.)”

Congresswoman Linda Sanchez — “There are still fundamental flaws in the agreement, particularly with respect to the labor and investment chapters and textile tariff reductions. These provisions send jobs offshore and make it harder for American workers and companies to compete.”