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Trade Imbalance Likely to Worsen March 7, 2003 Two new trade agreements promising to further tip the balance against workers at home and abroad have been negotiated by the United States trade representative, against the objections of a national labor committee. But details of the trade pacts with Singapore and Chile negotiated out of public view will remain secret until later this month at the earliest. Labor stands as one of the few voices against the proliferation of global trade agreements, arguing that they fail to serve the economic interests of the United States and hurt domestic and overseas workers. The first agreements under Bushs newly-authorized fast track power likely fail to account for workers rights, job and wage security and balanced international trade The United States recorded a $435.2 billion trade deficit for 2002, the largest imbalance in history, a reflection of the countrys continuing reliance of imports at the expense of industry at home. Click here to read the full report from the Labor Advisory Committee on Trade Negotiations and Trade Policy.
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IBEW, Industrial Unions Demand Results
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