The U.S-Colombia Free Trade Agreement Nears a Vote
There are two interesting articles that have come out in recent days concerning Colombia and its push to complete a trade deal with the U.S.
The first story carried by the U.S. media concerns renewed efforts by Congress to close the deal on the U.S.-Colombia Free Trade Agreement. For those of you paying attention, this has been a long-running battle between organized labor and free trade advocates with the union advocates arguing that such a deal should be rejected until trade unionist killings stop in Colombia.See “Senators prod Obama to move Panama, Colombia deals” on Reuters.com.
The second story from ColombiaReports notes a recent report by an NGO in that Latin American country that indicates that neo-paramilitary gangs now occupy fully 1/3 of the municipalities in the country. Neo-paramilitary presence in 1/3 Colombia: NGO – ColombiaReports.com.
Given the trend in Congress to put business before humanity, I don’t expect that this agreement will languish much longer.
HHHHMMM Interesting
I agree
Tiffany Bonfiglio
http://WWW.pro2pronetwork.com
………..Seoul India and South Korea signed a free trade deal on Friday that a minister said had the potential to nearly double the more than 15 billion in annual trade between Asias third and fourth largest economies in the next decade.It is the first such deal by India with a developed economy and South Koreas eighth free trade pact after it struck agreements to open up markets with the United States in 2007 and the European Union last month both of which have yet to be implemented.The deal requires ratification by South Koreas Parliament but can take effect without further steps by India South Koreas trade ministry said. It has the potential even to double trade over…the next 10 years. Thats what well be aiming at Indias Union Commerce and Industry Minister Anand Sharma told a joint news conference with South Korean Trade Minister Kim Jong-hoon.The deal will eliminate tariffs on three quarters of Indias imports from South Korea by value and more than 80 per cent of South Koreas imports from India.A study by the state-run Korea Institute for International Economic Policy said the pact could boost annual two-way trade by 3.3 billion in the near term and raise South Koreas GDP by 1.3 trillion won 1.06 billion .South Koreas main exports to India are automotive parts petroleum products and mobile phones.