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Free Trade Fact of the Day

Posted By Conn Carroll On May 22, 2008 @ 11:42 am In International | Comments Disabled

The future of America’s leadership on free trade is shaping up to be a major issue in the 2008 presidential campaign. Reuters produced a FACTBOX [1] today on the positions of the two major candidates in the race.

REPUBLICAN SEN. JOHN MCCAIN OF ARIZONA

  • Supports free trade pacts with Colombia, South Korea and Panama and negotiating a new free trade pact with the 27 nations of the European Union.
  • Opposes changing NAFTA agreement.
  • Favours opening new trade markets, but also advocates education and retraining for workers displaced by global trade.
  • Has proposed partnerships with community colleges to retrain displaced workers and providing income assistance to those who find jobs that pay less.

DEMOCRATIC SEN. BARACK OBAMA OF ILLINOIS

  • Urged renegotiating the North American Free Trade Agreement to strengthen provisions on labour and environment. Warned of opting out of the treaty if Canada and Mexico refuse.
  • Opposed free trade pacts with Colombia and South Korea, but supported an agreement with Peru.
  • Supports pressuring World Trade Organization to better enforce agreements and halt government subsidies to foreign exporters and imposing other non-tariff barriers on U.S. exports.
  • Wants to revamp fast-track trade negotiating authority to require pre-screening of potential U.S. free trade partners based on their labour and environmental standards and other factors.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/05/22/free-trade-fact-of-the-day-55/

URLs in this post:

[1] FACTBOX: http://uk.reuters.com/article/idUKN2862748020080521

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