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How Proposed Trade Deals with South Korea Colombia and Panama Could Help Michigan


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October 4, 2011

Grand Rapids Press

President Barack Obama is reportedly prepared to send a trio of trade pacts to Congress for approval. The proposed deals could help address the nation’s $600 billion trade deficit by unleashing American products in emerging markets. The agreements would lower or eliminate tariffs on the sale of goods and services between the U.S. and South Korea, Colombia and Panama. The deal could boostU.S. exports by as much as $13 billion. Most of that would be to South Korea, where new openings for agriculture and automotive exports have potential togive badly needed help to Michigan companies.