Failure to pass Colombia FTA has already cost U.S. exporters $1 billion
From our friends at ShopFloor.org
Commerce Secretary Carlos Gutierrez announced earlier this week that at 8:51 p.m. on Sunday, May 4th, the cost of unnecessary tariffs imposed on American goods entering Colombia had reached $1 billion since the Colombia trade agreement was signed. Yes, that’s billion. With a “B”
ShopFloor.org goes one step further:
Looking at annualized export figures for this year, the share per manufacturing worker of U.S. manufactured goods exports to Colombia is actually $671.61.
A big blow for free trade.
Update:
The U.S.’s loss is Canada’s gain: Canada proceeds with Colombia Free Trade Agreement:
Canada is “very close” to concluding free trade negotiations with Colombia, Trade Minister David Emerson said on Monday, calling those opposed to the deal on human rights grounds as simply “dogmatic.”
Again, hat tip to ShopFloor.org
nick on Thu, 8th May 2008 9:08 am
STOP THESE TREASONOUS TRADE DEALS WHICH HAVE DEVASTATED THE MIDDLE CLASS
STOP!!!!
3plwire on Thu, 8th May 2008 3:10 pm
Treasonous? Are you serious? How is a trade deal a “treasonous act”? And how would the Colombia FTA “devastate” the middle class? It’s Colombia goods which currently get preferential treatment for entry into the U.S. while U.S. made goods are punished under the current system. This Free Trade Agreement would eliminate many of the barriers against U.S. exports to Colombia, thereby boosting exports to that country which would most likely improve the middle class, not devastate it.
And we’re not the only ones seeking a trade deal with Colombia – look at Canada. They want in on the action as well. They know, as our trade representatives do, that reducing the barriers on the Colombia side can only mean good things for North American exporters.
U.S. - Colombia free trade agreement back on the front burner? | Third Party Logistics News - 3PLwire on Thu, 13th Nov 2008 6:56 am
[...] leaked to the press, depending on who you believe. It’s up to Congress to pass the deal and it’s a no-brainer as to why it should pass – most Colombian goods already arrive the country duty-free: it’s U.S. exports to Colombia [...]