The more trade the better?
There are current talks between the U.S. and South Korea for a free trade relationship. This possible trade relationship could do wonders for both the U.S. and South Korea economiclly. I'm sure that there will many who are against the free trade expansion by the U.S., especially to a country that will increase U.S. exports to $19 billion and imports from Korea by $10 billion. Having said this I'm going to take a side here and its with America. The more money that America gains is someway going to benefit most Americans. If two countries producing different goods, and both have consumption needs then why not trade to make each countries economy more efficient. Isn't efficiency an important factor in a stable economy?
1 comment:
I strongly support this move to a free-trade agreement with South Korea. With so much talk of how the economy hads suffered since 9/11, what better way to boost the economy than to start an agreement that nearly doubles U.S. exports to the CAFTA-DR countries. Even though the gross domestic product would not have an "appreciable impact," the increases in exports and imports are increases nonetheless. America needs to look at this issue at the margin and close the deal as soon as possible.
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