Question

What forms do trade adjustment assistants take in the United States? How does such

        assistance promote support for free trade agreements? Explain.

Answer 1

• Trade adjustment assistance (TAA) offers, training of jobs, allowances of relocation, income support and healthcare related benefits to workers in the U.S. who lost jobs due to the effects of globalization and increase in imports.
• TAA is a program, run by "U.S. Department of Labor", unofficially commenced as a section of the "Trade Expansion Act" 1962. Officially in 1974, it began, with eminent amendments in coming years. The current program, refreshed in 2015, applicable till 2021.
• For qualifying trade adjustment assistance, an affected worker must first file a petition illustrating that their job lost because of foreign trade.
• The forms of such assistance programs are - "Integrated adjustment assistance program" and Wage insurance and subsidies for medical insurance program".

How does such assistance promote support for free trade agreements?

Government assistance like Trade adjustment assistance (TAA) protect the financial interests of workers in the dynamic competition of outsiders, whereas Free trade agreement comprises of policies to remove discrimination between imports and exports. free trade agreements promote open trade between different economies or trade liberalization. TAA might support unemployed workers of economy to involve in services of exporting goods to increase the exports. TAA might also help in sending such employees to foreign countries to obtain a job. This will lead to the transfer of technology, skills, ideas, and expertise.