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Showing blog posts tagged with free trade agreements

Economic News Roundup

The Economic Policy Institute (EPI) has released important research about the economy in the last few weeks. Here's a look at some of the key pieces it has uncovered about the U.S. economy.

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Scholars Speak Out Against Troubling 'Corporate Courts' (ISDS) in TTIP

As another round of negotiations for the U.S.–E.U. trade deal (known as the Transatlantic Trade and Investment Partnership, or TTIP) began, 121 leading academic experts on trade, investment law, European Union (EU) law, international law, human rights, constitutional law, global political economy and related fields issued a statement expressing deep concern about the investor-to-state dispute settlement (ISDS) provisions that negotiators plan to include in the deal. 

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Why We Don’t Like Fast Track: It’s an Outdated and Undemocratic Policy

Photo courtesy of StopFastTrack/Flickr

Fast Track—it’s a term that’s in the news more lately these days. And for good reason. Early in January, Sens. Max Baucus (D-Mont.) and Orrin Hatch (R-Utah) and Rep. Dave Camp (R-Mich.) have introduced a bill that would bring back a bad idea that’s been dead since 2007. 

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Working Families Urge the U.S. Trade Representative to Leave Drug Pricing Decisions Out of Future Trade Agreements

On Tuesday, AFL-CIO President Richard Trumka joined the leaders of the International Trade Union Confederation and the European Trade Union Confederation in urging the United States Trade Representative (the office responsible for negotiating trade and globalization deals) to leave government decisions on drug pricing out of the Trans-Pacific Partnership and the Trans-Atlantic Trade and Investment Partnership

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Trade Agreements Reveal How Life Will Be Organized in 2050

The United States is negotiating two huge, problematic trade agreements—one with Europe (Transatlantic Trade and Investment Partnership), and another with countries around the Pacific (Trans-Pacific Partnership). Both dramatically extend the North American Free Trade Agreement model.

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Labor Rights, Manufacturing and the Transatlantic Trade and Investment Partnership

The following is an excerpt from the Economic Policy Institute (EPI). 

According to the Department of Labor’s Aug. 2 jobs report, 12 million U.S. workers remain unemployed. In manufacturing and construction alone, 1.8 million people were out of work. Given that past trade agreements have had a deep and lasting impact on U.S. jobs, the officials negotiating the Transatlantic Trade and Investment Partnership (TTIP) must focus on policies that create jobs, rather than destroy them.

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The TPP Is Dumping on Democracy

Photo by Cailie_Frampton/Flickr

On Aug. 22, the government of Brunei will kick off the 19th round of negotiations of the Trans-Pacific Partnership Agreement (TPP), a massive trade and investment pact among 12 Asia-Pacific countries, including all of North America, Australia, Malaysia and Vietnam. The latest country to accede is Japan.

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New EPI Report: U.S.-Korea FTA Predictions for Job Creation Overblown (Again), More Than 40,000 Jobs Lost Already

The Economic Policy Institute’s (EPI) Robert Scott has issued a report on the early results of the U.S.-Korea trade agreement (often called KORUS).  It’s not good for U.S. workers, who have already lost about 40,000 jobs because of the increasing trade deficit with Korea. 

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'Free Trade' Was Never Really About Trade

Photo by Christopher Dombres/Flickr

We need to think differently about trade.

First, let me say that I am 100% in favor of trade. Trade is when we do what we do best, they do what they do best and we trade. Trade, done right, will raise living standards.

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Have You Heard of the TPP Yet? An Important Trade Agreement You Need to Know About

Photo courtesy of the Global Trade Watch. Rally in Leesburg, Va.

The U.S. government is currently working with 10 other countries to negotiate the biggest trade and investment agreement (also known as a “free trade agreement” or FTA) in history. It is called the TPP, or Trans-Pacific Partnership. Not only will it be bigger than NAFTA (the North American Free Trade Agreement)­—it’s actually NAFTA plus eight other countries.

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