Friday, January 30, 2009

FATAL NAIVETE ON FREE TRADE

At her Senate confirmation hearing last week, Hillary Clinton expressed confidence the U.S. alliance with Colombia will always be good, free-trade treaty or not. But growing signs show she's got it wrong.

Last year, Columbia's Trade Minister Luis Plata warned that denying free trade to Colombia in a hemisphere full of U.S. free-trade treaties amounted to sanctions on an ally because the other countries with which America has agreements are its competitors.

The matter is urgent, because the global economic downturn is hitting Colombia hard now.

Colombia already has tariff-free trading on its exports to the United States for its cooperation in the war on drugs. It collects $1 billion in tariffs on U.S. imports, but would gladly give that up to draw foreign investment that would flow under the trade treaty.

[ah, but our unions don't like it; so its political party...]

READ MORE

No comments: