Politics
Out of context: Reply #15677
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Camp Says Canada-Colombia Free Trade Puts U.S. at Disadvantage
http://www.bloomberg.com/news/20…House Ways and Means Committee Chairman Dave Camp said a free-trade accord between Canada and Colombia that takes effect today puts the U.S. at a disadvantage and underscores the need to pass the nation’s own stalled agreements.
“I urgently call on the president to send the job-creating trade agreements with Colombia, Panama and South Korea to Congress without further delay,” Camp, a Michigan Republican, said today in a statement.
The U.S. and Canada are vying for sales in Colombia, South America’s fourth-largest economy after Brazil, Venezuela and Argentina. Colombia’s economy will expand 5 percent this year, based on the median forecast of analysts surveyed by Bloomberg.
U.S. wheat growers may lose $100 million in sales annually should the pending Colombia agreement fail to win approval, according to estimates from U.S. Wheat Associates, the export- market development organization for wheat producers.