REED PRAISES BIPARTISAN PASSAGE OF FREE TRADE AGREEMENTS; Says removal of tariffs will create jobs in New York
Congressman Tom Reed is praising this evening’s bipartisan passage of free trade agreements with Colombia, Panama and South Korea. Several months ago Reed led on a letter to the White House signed by 67 freshman members urging action on the agreements which had been languishing for four years.
“New York State exports to foreign nations have surged after each and every free trade agreement was signed,” Reed observed. “The agreement with just South Korea alone will mean new markets for New York products and new opportunities created for our farmers, manufacturers, service providers and workers – for example removal of Korean tariffs on produce such as grapes, apples and dairy will be an immediate boost to our farmers.”
“Ninety-five percent of the world’s consumers live outside the United States,” Reed commented. “More exports of New York products means more jobs for New York’s workers. This is a win for the upstate economy.”
The International Trade Commission estimates that 250,000 jobs will be created nationwide by passage of the free trade agreements.