FTA with Korea bad for economy: USW

Mar 15, 2013 | 03:55 PM | Catherine Ngai

Tags  South Korea trade, USW, free-trade agreement, automotive, Catherine Ngai

NEW YORK — The U.S.-South Korea free-trade agreement, which went into effect a year ago, has hurt steel and manufacturing more than it has helped the industries, according to the United Steelworkers union.

The deal—seen as one of the most important trade agreements since the North American Free Trade Agreement (Nafta) came into force in 1994—went into effect March 15, 2012. At the time, some steel industry advocates had argued that it would help the automotive sector, while others said it would mean more Korean cars would be shipped to the United States.....

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