Hoeven says free trade deals will rev up economy
June 18th, 2011
10:41 AM ET
12 years ago

Hoeven says free trade deals will rev up economy

(CNN) - North Dakota Sen. John Hoeven said Saturday that free trade agreements can spur major economic growth in America, and called on President Obama to send a number of the treaties to the Senate for ratification.

“For the good of our economy – and our country – he needs to send these free trade agreements to the United States Senate for approval now, so that U.S. workers and businesses can begin to realize their benefits,” Hoeven said in the weekly Republican address.

“Free and fair trade agreements can help us create the kind of pro-jobs, pro-growth economy that will lift our nation up,” he added. “Good fiscal control and a legal tax, and regulatory environment that promotes private investment and business innovation, can help us to create jobs, grow our economy, and reduce our deficit.”

Hoeven was part of a congressional delegation to Asia in April. On Saturday, focused on the agreement signed by the United States and South Korea in December.

“The South Korean Free Trade Agreement alone will increase our nation’s exports to that country by more than $10 billion and create 280,000 American jobs,” Hoeven said.

Despite being signed by both countries, the agreement has not yet taken effect because neither Congress nor the National Assembly of South Korea has ratified it.

Despite originally receiving bipartisan support in Congress, many Democrats now want to tie its ratification to the Trade Adjustment Assistance Program, which provides a number of services to workers who have lost work due to outsourcing. Hoeven said the two items could and should be taken up by Congress separately.

Filed under: John Hoeven • South Korea • Trade
soundoff (6 Responses)
  1. GI Joe

    Just look at all the jobs the last few treaties have brought in. NOT

    Vote for the republicans to put more money in off-shore accounts for our used-to-be corporations.

    June 18, 2011 05:04 pm at 5:04 pm |
  2. Larry King

    This guy always looks like an actor on Saturday Night Live, impersonating someone else!!

    June 18, 2011 05:14 pm at 5:14 pm |
  3. David

    How about NO trade and we put people back here to work! ! !

    June 18, 2011 06:31 pm at 6:31 pm |
  4. pmk1953

    Instead of free trade, let's have some fair trade treaties. These treaties just give OUR jobs away. These countries still put up obstacles to our products coming in to them. We need to protect OUR employees like the other countries protect theirs.

    June 18, 2011 07:23 pm at 7:23 pm |
  5. Aaron

    We've had more than enough of these free trade deals. It's a license to outsource American jobs to third world countries then have the corporations not pay any taxes on their profits.

    June 18, 2011 10:44 pm at 10:44 pm |
  6. Terry Gloege

    All we need in this county is some more NAFTA type deals that export our jobs. Wonder why some other GOP rising star hasn't thought of that? Oh yeah, they have!!!

    June 19, 2011 07:46 am at 7:46 am |