WASHINGTON, D.C. – A new report from Public Citizen reveals that the growth of U.S. exports to nations with which the United States does not have Free Trade Agreements (FTA) has outpaced the growth of exports to the 17 U.S. FTA partners, with both services and goods FTA exports lagging. This comes as the corporate interests that dominate private sector representation on the President’s Export Council, which meets Thursday, have re-framed their support for more NAFTA-style trade pacts as critical to promoting the president’s goal of doubling exports over the next five years to create two million new American jobs.
“There are many ways to boost U.S. exports and create American jobs, but the data show that more of the same trade deals is not one them,” said Lori Wallach, director of Public Citizen’s Global Trade Watch.
The report unpacks the irregular methodology used in National Association of Manufacturers (NAM) and U.S. Chamber of Commerce reports to show how results were produced that promote the passage of three leftover Bush FTAs. A consistent and corrected use of the corporate groups’ own methods show that past FTAs have been associated with a substantial “export penalty.” For instance, once an arithmetic error is corrected for, the Chamber’s own methods would project a $30 billion loss in U.S. exports to Korea, Panama and Colombia over five years were these FTAs implemented.
http://www.citizen.org/pressroom/pressroomredirect.cfm?ID=3185So, basically, the United States exports more to countries which have no free trade agreement with us - and the chamber has been fudging the numbers to show otherwise.
:grr: