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Free Trade Fact of the Day

Posted By Conn Carroll On July 1, 2008 @ 1:53 pm In International | Comments Disabled

Colombia Tariff Ticker

Department of Commerce‚Äôs Under Secretary for International Trade Chris Padilla stopped by the Conservative Blogger’s Briefing [1] today to promote TradeAgreements.gov [2] and all the resources there including the Colombia tariff tracker posted above.

Padilla also brought along a grocery bag full of products [3] to illustrate how American workers would benefit from the passage of the Colombia Free Trade Agreement currently before Congress. The coffee, flowers, onion, and banana in Padilla’s bag all can enter the U.S. tariff free. But currently the Pepsi, fertilizer, and Pennsylvania apple from the bag all face tariffs ranging from 10 – 20% when entering Colombia. By passing the Colombia FTA, Congress can completely eliminate those tariffs. In exchange, Colombia gets a permanent free trade access to U.S. markets instead of the annual approval they must go to Congress of every year now.

It has been 588 days since the U.S. signed the trade agreement with Colombia, and the U.S. House of Representatives still refuses to hold a vote. In fact, they haven’t even afforded our Colombian allies a single hearing on the issue. No wonder American Leadership on free trade is dead [4].

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/07/01/free-trade-fact-of-the-day-79/

URLs in this post:

[1] Conservative Blogger’s Briefing: http://theminorityreportblog.com/story/steven_foley/2008/07/01/today_s_conservative_bloggers_briefing_colombia_free_trade_agreement

[2] TradeAgreements.gov: http://tradeagreements.gov/

[3] grocery bag full of products: http://trade.gov/video/index.asp

[4] American Leadership on free trade is dead: http://www.foundry.org/2008/04/18/american-leadership-on-free-trade-rip-april-10-2008/

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