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The US and EU TAA program and implications on the Korea's TAA

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Frame of Image 1990s,
the North American Free Trade Agreement (NAFTA), originally spearheaded and promoted by President George H. W. Bush, was signed into law by President Bill Clinton after the introduction of clauses intended to protect American workers and the environment. The Trade Act was then adjusted to help American workers adversely affected by trade with Canada and Mexico. In 2000, presidential candidate George W. Bush made fast track an integral part of his campaign platform. By 2002, President Bush had signed trade agreements with at least 75 countries to include those in the Caribbean, South America, Africa, the Middle East and even Australia. As a result, the Trade Act was renamed the Trade Adjustment Act (TAA) and was modified to help workers that had been laid off due to increased imports or if their companies shifted production out of the United States to 75 foreign countries, not just Canada and Mexico. Also, as a result of President Bush’s pushing too many trade deals at the expense of worker rights, environmental protections, and costing American jobs, Congress revoked his fast track authority in July 2007. By 2008, the American and world economies were in dire straits. Rampant corporate corruption and a blatant disregard for the detrimental effects of their
selfish decisions reeked havoc not only on the American worker, but reverberated around the world. In response to the hardships Americans were enduring, President Barack Obama signed the American Recovery and Reinves


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Title The US and EU TAA program and implications on the Korea's TAA
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Material Type Reports
Author(English)

Kim, Soo-Dong

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2010
Journal Title; Vol./Issue KIET Industrial Economic Review(Current issues):vol. 15(no. 1)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KIET; KDI School

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