- About bilaterals.org
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Dec-2006: bilaterals.org in Spanish & French
- Sep-2006: Update from bilaterals.org
- How to participate
- Key issues
- Texts of agreements
Korea-US Free Trade Agreement a Job-Killer
International Trade Union Confederation (ITUC) - ITUC OnLine
Korea-US Free Trade Agreement a Job-Killer
Press Release: International Trade Union Confederation
16 December 2011
Brussels, (ITUC OnLine): The ITUC, supported by its Korean and US affiliates, has warned that the new “KORUS” free trade agreement between the two countries will cost hundreds of thousands of jobs. The agreement was rushed through the Korean parliament in a hastily-convened session designed to catch opposition parties off-guard and minimise the possibility for public reaction.
“This agreement will have devastating consequences for thousands of families at time when governments should be focused on creating jobs, not undermining decent work and driving living standards down. It does not provide adequate mechanisms to protect people’s rights at work, it will fuel even more financial speculation, and the dispute-settlement procedures which override national law are effectively anti-democratic,” said ITUC General Secretary Sharan Burrow.
Independent estimates of the agreement’s employment impact show there could even be loss of as many as 130,000 agricultural jobs in Korea, and more than 150,000 in the US. Even the US’s own International Trade Commission concluded that the employment impact would probably be negligible, contrary to claims from the American Chamber of Commerce that it would create as many as 280,000 new jobs.
“The American Chamber of Commerce has made fictitious job-creation claims around previous such agreements. History has proven them wrong, but the truth is again being sacrificed to the special interests of the 1%. Some big corporations will profit from this deal, but the overall impact is likely to cause serious economic and social damage,” said Burrow.
The Korean trade union centres FKTU and KCTU have expressed their opposition to the KORUS, with the KCTU organising a 40,000-strong protest against it in Seoul on November 13. The KCTU has described the agreement as “damaging to workers and working families in the US and Korea”, while AFL-CIO President Rich Trumka has stated that it does not live up to the new trade model the labour movement has been advocating, nor does it contribute to a sustainable global future. “It is essential that both countries bring their labour laws and practice fully into compliance with international standards prior to implementation of the agreement,” according to Trumka.
“The KORUS agreement should be postponed until it has been redesigned to promote decent work and respect for core labour standards,” said Burrow. “The Investor-State Dispute Settlement Mechanism should be removed from it and a full public assessment of the economic and social impact of the FTA on workers in both countries needs to be carried out.”
The ITUC represents 175 million workers in 153 countries and territories and has 308 national affiliates.
Upcoming days of action
8 Oct: mobilisation in Luxembourg against CETA - contact
8-15 oct: October of resistance against TTIP and CETA in Spain - contact
15 Oct: mobilisation in Paris against CETA - contact
10-15 Oct: regional week of action against RCEP in Asia-Pacific - contact
22 Oct: mobilisation in Amsterdam against CETA - contact
27-28 Oct: mobilisation in Brussels against CETA - contact
Any edits, please contact us
News from the movements
28-Sep-2016 Global Labour ColumnFor decades, labour has been fighting purely defensive battles against the neo-liberal trade and investment agenda; we lack an agenda of our own. Lost ground will not be reclaimed on what is fundamentally hostile territory, argues Peter Rossmann of the IUF.
26-Sep-2016 No al TTIP
Aprobada en Les Corts Valencianes una iniciativa para instar al Gobierno central a no autorizar la firma del Acuerdo Económico y Comercial Global (CETA)Un total de 32 ayuntamientos valencianos, que aglutinan a más de un millón de personas, han rechazado este acuerdo.
23-Sep-2016 La DiariaSuplemento especial elaborado por La Diaria, Uruguay, dedicado a los Tratados de Libre Comercio.
23-Sep-2016 TeleSurDozens of Indigenous people in Peru have been absolved of accusations that they were responsible for a massacre seven years ago that killed at least 32 people, due to intense conflict triggered by the country’s free trade agreements.
22-Sep-2016 CADTMIl est urgent de lever le silence qui entoure cette question dans notre pays et de présenter des éléments de réflexion critique et de débat sur ce sujet
21-Sep-2016 El EconomistaMiles de personas se manifestaron hoy (20-9) en el barrio europeo de Bruselas contra el TTIP y el pacto comercial ya cerrado con Canadá (conocido por CETA), aún pendiente de ratificación.
21-Sep-2016 EurActivThousands of protesters marched through Brussels to demand the European Union abandon planned transatlantic free trade deals.
21-Sep-2016 Le MondePlusieurs milliers de personnes manifestaient à Bruxelles pour dénoncer le traité de libre-échange transatlantique que l’UE négocie avec les Etats-Unis (TTIP) et son équivalent avec le Canada (CETA).
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.