Business & Economy

US Chamber of Commerce to tour Port of LA to promote Korea free trade agreement

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The U.S. Chamber of Commerce launches a nationwide campaign today to promote the benefits of the Korea Free Trade Agreement. One campaign stop is at the Port of Los Angeles.

The agreement would eliminate almost all of the tariffs the U.S. and South Korea impose on each other’s goods over the next five years. The Obama administration is pushing Congress to ratify the agreement before July, when a similar deal between South Korea and the European Union goes into effect.

A lot of business groups like the U.S. Chamber of Commerce want to help. Its scheduled tour of the Port of Los Angeles is intended to show how the trade agreement would open a major Asian market to California-made goods and create new jobs.

But the agreement has split the labor movement. The United Auto Workers and the Food and Commercial workers union now support it, but the AFL-CIO is concerned some provisions of the free trade agreement would encourage sending jobs overseas.