{"id":322,"date":"2014-03-04T10:44:49","date_gmt":"2014-03-04T18:44:49","guid":{"rendered":"https:\/\/www.citizenstrade.org\/ctc\/oregon\/?p=322"},"modified":"2014-03-04T10:46:05","modified_gmt":"2014-03-04T18:46:05","slug":"oregon-exports-hurting-korea-free-trade-agreement","status":"publish","type":"post","link":"https:\/\/www.citizenstrade.org\/ctc\/oregon\/2014\/03\/04\/oregon-exports-hurting-korea-free-trade-agreement\/","title":{"rendered":"Oregon Exports Hurting Under Korea Free Trade Agreement"},"content":{"rendered":"<p><span style=\"font-family: Arial,serif\">As Oregon\u2019s Congressional delegation considers whether to \u201cfast track\u201d the pending Trans-Pacific Partnership (TPP) Free Trade Agreement, new government data indicates that President Obama\u2019s largest similar trade pact to date \u2014 the Korea Free Trade Agreement \u2014 has had a negative impact on exports from Oregon and throughout the nation.<\/span><\/p>\n<p><span style=\"font-family: Arial,serif\">The Korea Free Trade Agreement reached its second anniversary on March 15, 2014. U.S. International Trade Commission data on trade with South Korea is currently available through the end of December 2013. That data shows that <\/span><span style=\"font-family: Arial,serif\"><b>the United States\u2019 monthly bilateral trade deficit has increased 49% under the pact. <\/b><\/span><span style=\"font-family: Arial,serif\">The Economic Policy Institute estimated that the increase in imports and decrease in exports under the Korea Free Trade Agreement cost the United States <\/span><span style=\"font-family: Arial,serif\"><b>about 40,000 jobs in the first year alone. <\/b><\/span><\/p>\n<p><span style=\"font-family: Arial,serif\">Specific to Oregon, government data shows that:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Arial,serif\"><b>Oregon\u2019s overall exports to South Korea were down 11% in the year after the Korea Free Trade Agreement\u2019s implementation compared to the year before. <\/b><\/span><\/li>\n<li><span style=\"font-family: Arial,serif\">This equates to $116.7 million in reduced Oregon exports.<\/span><\/li>\n<p><!--more-->\n<\/ul>\n<p><span style=\"font-family: Arial,serif\"><br \/>\nA number of industries critical to Oregon\u2019s economy have specifically taken a hit. Government data accrued nationally shows that: <\/span><\/p>\n<ul>\n<li><span style=\"font-family: Arial,serif\">Computer and electronic product exports are down an average of 12% per month under the Korea Free Trade Agreement;<\/span><\/li>\n<li><span style=\"font-family: Arial,serif\">Apparel exports are down an average of 18% per month under the Korea Free Trade Agreement; <\/span><\/li>\n<li><span style=\"font-family: Arial,serif\">Forestry product exports are down an average of 15% per month under the Korea Free Trade Agreement; and<\/span><\/li>\n<li><span style=\"font-family: Arial,serif\">Paper exports are down an average of 6% per month under the Korea Free Trade Agreement.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Arial,serif\">The TPP\u2019s economic impact on Oregon is expected to be magnitudes worse than the Korea Free Trade Agreement. As such, the Oregon Fair Trade Campaign is calling on Representative Kurt Schrader and the state\u2019s entire Congressional delegation to oppose \u201cfast track\u201d legislation that would allow the TPP to circumvent ordinary Congressional review, amendment and debate procedures. <\/span><\/p>\n<p><i><span style=\"font-family: Arial,serif\">Want to <\/span>share this information with your Member of Congress? <\/i><a href=\"http:\/\/org.salsalabs.com\/dia\/track.jsp?key=-1&amp;url_num=6&amp;url=http%3A%2F%2Fwww.citizenstrade.org%2Fctc%2Foregon%2Ffiles%2F2011%2F12%2FKoreaFactSheet_Oregon20142.pdf\" target=\"_blank\"><i>You can download it as a PDF here.<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Oregon\u2019s Congressional delegation considers whether to \u201cfast track\u201d the pending Trans-Pacific Partnership (TPP) Free Trade Agreement, new government data indicates that President Obama\u2019s largest similar trade pact to date \u2014 the Korea Free Trade Agreement \u2014 has had a &hellip; <a href=\"https:\/\/www.citizenstrade.org\/ctc\/oregon\/2014\/03\/04\/oregon-exports-hurting-korea-free-trade-agreement\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":[],"categories":[15,7,16],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oregon Exports Hurting Under Korea Free Trade Agreement - Oregon Fair Trade Campaign<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.citizenstrade.org\/ctc\/oregon\/2014\/03\/04\/oregon-exports-hurting-korea-free-trade-agreement\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Oregon Exports Hurting Under Korea Free Trade Agreement - Oregon Fair Trade Campaign\" \/>\n<meta name=\"twitter:description\" content=\"As Oregon\u2019s Congressional delegation considers whether to \u201cfast track\u201d the pending Trans-Pacific Partnership (TPP) Free Trade Agreement, new government data indicates that President Obama\u2019s largest similar trade pact to date \u2014 the Korea Free Trade Agreement \u2014 has had a &hellip; 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