EagleTribune.com, North Andover, MA

Letters

October 10, 2012

Letter: New trade agreement could hurt U.S. companies

To the editor:

The Obama administration is currently negotiating another free-trade agreement, which will increase the likelihood of awarding federal contracts to foreign companies located on the Pacific Rim. Countries in Southeast Asia will benefit by the Trans-Pacific Partnership (TPP), add jobs, while the U.S. could lose more manufacturing jobs.

If the TPP is approved by Congress, a provision in the agreement will ban “Buy American” requirements in federal government contracts. Over the past 80 years, U.S. companies have received needed help in securing federal contracts due to “Buy American” provisions stipulated in the contracts.

In 2011, the Obama administration supported three so called fair-trade agreements originally negotiated by the Bush administration. The policies of Bush and Obama have strengthened manufacturing operations in foreign countries and have led to the movement of U.S. jobs overseas. The TPP agreement would mean the U.S. could eliminate any tariffs on goods from the Asia-Pacific countries, which could cost more U.S. manufacturing jobs.

We have to make it more attractive for U.S. companies to keep jobs in this country. Maybe then we will decrease unemployment from over 8 percent to a more respectable 4 percent level and decrease our trade deficits with foreign countries.

Donald A. Moskowitz

Londonderry

1
Text Only | Photo Reprints
Latest News
Letters

NDN Video
Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Palestinians and Israeli Soldiers Clash Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive
Photos of the Week