The Senate Finance Committee did not take any action on those pending Free Trade Agreements (FTAs) on Thursday. The committee was expected to do a mock-markup but eleven Republicans on the committee boycotted the effort in opposition to the Trade Adjustment Assistance provision in the deals.
TAA funds training for workers who lose their jobs as a result of trade agreements, the White House wants renewal to move with the FTAs the Republicans want it separate.
Earlier this week it was thought a compromise had been worked out and the TAA would move with the South Korean agreement but Republicans charge the President with trying to “jam it through.”
The Free Trade Agreements with South Korea, Panama and Columbia were first signed by the Bush Administration.
Meanwhile, South Korea’s trade agreement with the European Union takes effect Friday, July 1.