Senator Lisa Murkowski (R-Alaska) showed her support for free trade agreements with South Korea, Panama and Colombia on October 12. In voting for the agreements, Murkowski addressed how the move could benefit Alaska’s businesses.
She released the following statement in showing her support:
“Building financial relationships with the international community and supplying American goods to the world are the soundest stimulus plan we’ve seen this week – and a long-time coming.
“These three free trade agreements are good news for Alaska. In 2010, Alaska’s exports hit $4.2 billion, a 27 percent increase from the previous year. Four hundred and seventy-seven million dollars of those exports went to South Korea, Alaska’s third largest export partner.
“The Panama Free Trade Agreement will support American jobs and expand markets for businesses like those in Palmer and Kenai that export products to the country.
“Alaska has seen first-hand the benefits from free trade agreements in the past. Since the U.S. entered into a trade agreement with Chile in 2004, Alaska’s exports to that country have grown by 397 percent. The Colombia Free Trade Agreement can be similarly beneficial to my home state.”