Inside Opinion

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Tag: panama

Oct.
6th

Trade agreements would be good for both Washingtons

This editorial will appear in Friday’s print edition.

Free-trade pacts with Korea, Colombia and Panama – a hot topic in the other Washington – could heat up business in this Washington if they’re passed.

In fact, this state stands to be one of the biggest winners if Congress approves the long-delayed pacts in the next few weeks. The Korean pact alone could generate $10 billion in increased exports and tens of thousands of jobs.

Being the most trade-dependent state, Washington stands to be a huge beneficiary of increased shipping through the ports of Tacoma, Seattle, Olympia and other entry points if tariffs are eliminated or phased out on beef, cherries, apples, other agricultural items and manufactured goods. More goods being loaded onto ships headed toward Korea means more jobs and bigger payrolls.
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