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Colombia Advances Trade With China While U.S. Free Trade Agreement Stalls

Posted on Jun. 15, 11 | 11:48 AM by Ariel Judah | Topic: Free Trade
Link to Article: http://www.clubforgrowth.org/perm/?postID=15219

The Wall Street Journal reports:

Colombian lawmakers passed legislation they hope will open the floodgates of trade with China, where the government plans two high-level trade missions over the next three months, as a long-delayed U.S. trade deal with the South American nation stalls in Congress.

... Trade officials in Bogotá expressed frustration with the slow pace of progress in Washington, which they say contrasts with Chinese eagerness to invest in Colombia, Washington's closest ally in South America.

In an interview, [Colombia Trade Minister Sergio] Díaz-Granados said he remained hopeful a free-trade pact with the U.S. would be passed before year's end, but that Colombia can no longer "sit with its arms crossed, waiting."

"We've been talking about a U.S.-Colombia free trade deal for 20 years, and it's certainly the trade deal we want more than any other," Mr. Díaz-Granados said. "But in the meantime, we have to continue working in other directions. Our business leaders need to pursue other markets and diversify."
Permalink: http://www.clubforgrowth.org/perm/?postID=15219
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