11-2 FB Trade surplus

 Maybe just under 20,000 jobs could come to the US because of an interaction between us and South Korea, Colombia and Panamá. Now who is the us that I just referred to? Us is spelled U.S. and U.S. farmers and ranchers are pulling the wagon again. What else is new?

President Obama is expected to sign the necessary legislation implementing the Free Trade Agreements with South Korea, Colombia and Panama.  Secretary of Agriculture Tom Vilsack says we can expect more export records to be set. “ For agriculture it means $2.3 billion of additional exports. When you add that to what we are already doing, we are going to be able to build on our record agricultural exports for the year that we are having, $2.3 billion of additional exports means more opportunities for ranchers and farmers to improve their bottom line but it also means more jobs. Every billion dollars in sales generates about 8400 jobs. We’re looking at about a little less than 20,000 jobs plus improved income for farmers and ranchers.” The Secretary notes Agriculture is the only sector of the economy where we have a trade surplus