Free trade agreements (FTAs) have economically benefited nations the world over since their inception. Poverty rates in countries with low trade barriers are significantly lower, and data in The Heritage Foundation’s Index of Economic Freedom demonstrate that free trade also leads to higher incomes, more jobs, and greater equality. That’s …
The House Rules Committee advanced three proposals Wednesday that may help curb a growing problem for the nation’s economy: stagnant job growth in the technology sector. The three pending free trade agreements with Columbia, Panama and Korea are up for full House approval next week. Senate Republican Minority Leader Mitch …
In April, I visited South Korea and met with government and military leaders to promote vital U.S. interests in East Asia. Among those priorities is the long overdue passage of the South Korea-United States Free Trade Agreement (KORUS), which has been stalled in typical Washington fashion since 2007. If ratified, …
By further cementing the positive relationship between South Korea and the United States, the pending South Korea–United States (KORUS) free trade agreement will further weaken the oppressive North Korean regime’s strategic position and help disabuse the regime’s leaders of any hopes they might have had of flagging U.S. support for …
Some critics of the proposed South Korea–U.S. Free Trade Agreement (KORUS) have expressed concerns about imports from North Korea, specifically goods originating from the Kaesong Industrial Region. This should be a non-issue. The chart below compares how imports from North Korea are treated today and how they will be treated …
Last night’s BCS Championship game pitted the Auburn Tigers from the Southeastern Conference (SEC) against the Oregon Ducks from the Pac-10. To guard against biases that could have influenced the game’s outcome, officials were provided by the Big 10. If football-crazed fans from Auburn and Oregon can understand why referees …
When the proposed South Korea–U.S. Free Trade Agreement (KORUS) was initially signed on June 30, 2007, Heritage Foundation analysts recognized significant benefits that would come from implementation of this landmark trade deal. Those benefits included more exports, more export-related jobs, and a stronger economy. As the Obama Administration has pointed …
