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  • Free Trade Fact of the Day

    Writing in support of a speedy vote for the Colombia Free Trade Agreement, Competitive Enterprise Institute scholars Fran Smith and Ryan Young write:

    American businesses large and small conduct considerable trade with Colombia. The U.S. Commerce Department estimates that 9,000 companies trade with that country. Nearly 8,000 of those are small or medium-sized businesses. According to the U.S. Trade Representative, U.S. goods exports to Colombia in 2007 totaled $8.6 billion, making Colombia the U.S.’s fourth largest trading partner in Latin America.

    The benefits of trade with Colombia spread throughout the country. The top five states in total exports to Colombia in 2007 were Texas, Florida, Louisiana, California, and Illinois. The Colombia FTA would especially help Louisiana. That state is by far the largest exportere of agricultural products and livestock to Colombia, which totaled $559,937,000 in 2007 – more than half the U.S. total for those exports. Other significant Louisiana exports to Colombia are chemicals and processed foods. This is significant for a poor state such as Louisiana, especially ravaged since Hurricane Katrina. Louisiana ranked 45th in real GDP in 2006 and 31st in per capita income in 2007.

    Posted in International [slideshow_deploy]

    3 Responses to Free Trade Fact of the Day

    1. Miguel Torres, New H says:

      You never hear the good news about Free Trade on the TV only the bad news of factories closing and people unemployed blaming Free Trade Pacts. Why is it that Modern Media hates the USA so much?

    2. Harry in Chicago says:

      Miguel, I believe I know the answer to your question; it's because they (the left and the mainstream media) are socialists at heart. The first premise with socialism is that if a society exists that does not represent the "utopian" society needed, then the one that does exist must be completely destroyed in order to build the ideal one. That is why America's values have been under under attack from the left for decades now.

    3. Big Al in the Dismal says:

      Harry, you nailed it.

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