This week the Senate Finance Committee holds two hearings on pending free trade agreements (FTAs). Tomorrow, the committee will consider the Panama FTA, and Thursday the committee will turn to the South Korea agreement.
Ahead of those hearings, 25 governors have written congressional leaders urging them to pass the Colombia, Panama, and Korea FTAs. The bipartisan group writes,
As the chief executives of our respective states and territories, we appreciate how important international trade and investment are to the economic vitality of our jurisdictions, presenting important opportunities for workers, and enhancing our overall competitiveness. Export-related jobs pay better than non-exporting industries and, with nearly 95 percent of the world’s consumers living outside of the U.S., exports have been the focus of increased job growth in recent years.
These trade agreements have been awaiting congressional approval since 2007 (and 2006 for the Colombia deal).
Read the whole letter here.