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Thread: US and Colombia sign trade deal
11-23-06, 06:33 AM #1
US and Colombia sign trade deal
The Bush administration has signed a multi-billion dollar free trade agreement with Colombia.
The pact comes despite warnings from Congress - which is now controlled by the opposition Democratic Party - that it has deep reservations over the deal.
Colombia's finance minister said the move would benefit Colombia's economy and its efforts to improve security.
The deal is America's biggest in the Western Hemisphere since 1994's North American Free Trade Agreement (Nafta).
However, the deal has yet to win Congressional approval.
Agreements with Peru and Vietnam are awaiting similar approval, while US trade officials are trying to negotiate trade deals with countries including Malaysia and South Korea.
The agreement will deepen and strengthen our trade ties by providing new opportunities for US businesses
John Veroneau, US Deputy Trade Representative
Pressure for the agreements to be approved is mounting, as US President George W Bush's special "fast-track" authority to negotiate trade deals expires next year.
After 30 June 2007, the US Congress will once more have the right to change or veto any agreement that Mr Bush signs.
Congress has voiced objections to the trade pact with Colombia as it fails to protect internationally agreed worker rights such as the abolition of child labour, protection against discrimination and freedom to join a union.
Opponents of the Bush administration also claim that such deals do little to protect US companies from unfair trade practices.
"The agreement will deepen and strengthen our trade ties by providing new opportunities for US businesses, manufacturers, farmers and ranchers to export their goods and services to one of Latin America's most robust economies," deputy trade representative John Veroneau said.
Once agreed, it is expected to make more than 80% of US consumer and industrial exports to Colombia duty free. Trade between the two countries reached $14.3bn ($11bn) last year.
"The Free Trade Agreement will create permanent commercial channels so that our products could compete in the US market, therefore creating more revenue and jobs for millions of Colombians," Colombia's finance minister Jorge Humberto Botero added.
Mr Botero also said the pact would "be a great tool" in the US-backed fight against terrorism and drug-trafficking
Story from BBC NEWS:
"Stupid should hurt."
11-23-06, 06:35 AM #2Mr Botero also said the pact would "be a great tool" in the US-backed fight against terrorism and drug-trafficking
"Stupid should hurt."
11-23-06, 06:44 AM #3SURGEON GENERAL'S WARNING:
Lead is very hazardous to your health.
Always include Kevlar in your daily diet.
"I always believe in being prepared, even when I'm dressed in white tie and tails."
- Gen. George S. Patton, Jr.
11-23-06, 07:00 AM #4
I also predict many US jobs being lost in favor of cheaper labor, just like NAFTA.
"Stupid should hurt."
11-23-06, 07:01 AM #5
11-23-06, 09:18 AM #6
well let me play devils advocate here......can we ship them illegal immigrants in return for the cocaine they will ship us???
I think this was a bad deal and will end up costing the US in the long run."An Unarmed man can only flee from evil, and evil is not overcome by fleeing from it." Jeff Cooper
Some people are meant to be the police......Some people are meant to call the police!!!
"Socialism only works in two places: Heaven where they don't need it and hell where they already have it."
" I believe that forgiving them (Terrorist) is God's function. OUR job is to arrange the meeting."
General Norman Schwartzkopf
Not all Muslims are Terrorists, but all Terrorists are Muslim.
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11-23-06, 09:22 AM #7GrasshopperVerified LEO
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"After 30 June 2007, the US Congress will once more have the right to change or veto any agreement that Mr Bush signs."
Nice shot. In any case, bad idea. We are just opening a more legitimate doorway for them to sneak shit through.And Shepards we shall be,
for thee, My Lord, for thee,
Power hath descended forth from Thy hand,
That our feet may swiftly carry out Thy Command.
So we shall flow a river forth to Thee
And teeming with souls will it ever be.
In Nomine Patris, Et Filli, Et Spiritus Sancti.
11-23-06, 01:50 PM #8
Free trade does not mean the same thing as open borders. Free trade simply means that tariffs and regulation are reduced or eliminated. Goods coming in from other countries are still subject to Customs inspections. Whether or not those inspections are carried out is a different matter.
It's not a security issue, it's an economic issue. And both sides will benefit economically."I'm not a coward,
I've just never been tested
I'd like to think that if I was,
I would pass"
~Mighty Mighty Bosstones~
11-23-06, 02:07 PM #9
thought we already had this they have been sending their dope here forever!!Don't sweat the petty things, and don't pet the sweaty things!
11-25-06, 11:39 AM #10http://www.allpoetry.com/Grunts%20Girl
We dallied under
Vine maples and sapling alders
Searched for lady slippers
Found blackberry riots and
An old skid road
Brought ghost ferns and
Hollows filled with
While waves wrapped
Intricate lacings of weeds
'Round mule spinners
His cyanotic eyes
Were hard enough to make
The sun turn tail and
Tender enough to attract me
To his world of illusion
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