U.S. Falls Further Behind on Free Trade

Last week while we were all getting ready to feast on turkey, Colombia inked another free trade deal with a country that is not us. Following up on trade liberalization pacts with Canada and China, Colombian trade minister, Luis Guillermo Plata signed a deal with the four members of the European Free Trade Association: Switzerland, Liechtenstein, Iceland and Norway.

Colombia’s goods already enter the U.S. duty free. But this summer, at the behest of organized labor, Speaker Nancy Pelosi single handily destroyed over three decades of U.S. credibility on trade by gutting the “fast track” guarantee key to U.S. Trade Promotion Authority and killing the Colombia FTA.

Now businesses from Switzerland, Liechtenstein, Iceland and Norway will join those from Canada and China that already enjoy a built in ‘tariff free’ competitive advantage over U.S. companies in the Colombian market. Continue reading . . .


Leave a comment

Filed under Heritage.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s