America Seen Losing Ground, Market Share by Standing Still on Free Trade Agreements

Arlington, VA — September 17, 2009 — Free trade agreements (FTAs) in Asia, particularly by South Korea and India, pose a threat to U.S. manufactured exports that will continue to be subject to relatively high tariffs, according to a new report from Manufacturers Alliance/MAPI.

In the report, "Free Trade Agreements in Asia: U.S. Exports at Risk and Much More," Ernest Preeg, senior fellow in trade and productivity at the Alliance and report author, writes that the July 2009 Korean FTA with the European Union (EU) will give a price advantage to European exports, which are already larger than U.S. exports to South Korea.