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House OKs Chile, Singapore Free Trade Pacts

HeadlineJul 25, 2003

Ignoring concerns of labor unions, the U.S. House has approved new trade agreements with Chile and Singapore. The Senate is expected to vote next week.

Big businesses lobbied for the agreements arguing that it will open up new markets for U.S. goods. But opponents, including a growing number of Republicans, say the agreements will simply help multinational corporations move from jobs from the U.S.

Rep. Tom Tancredo, a Republican from Colorado, said “I am becoming less and less of a free trader. All we’ve done is kowtow to multinational corporations and their desire to reduce labor costs.” Lori Wallach, head of Public Citizen also noted the pacts lack vital labor and environmental guarantees. Wallach said, “If these rules were applied to large blocs of countries as the Administration proposes, the result would be disastrous.”

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