Hope for U.S. Colombia FTA same time as the new commerce secretary is announced

On Tuesday, Secretary of State Hillary Clinton gave a positive signal towards the approval the U.S. Colombia Free Trade Agreement. Interestingly enough, this statement came the same day that President Obama announced his selection for new commerce secretary, John Bryson, former chairman and CEO of California power company Edison International. The nomination for this particular position has been a part of a tug-of-war, as evidenced by the GOP’s threat to hold up any nomination for commerce secretary without ratification of the U.S. trade deals with Colombia, Panama and South Korea.

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About Dr. Sarita D. Jackson

is the President and CEO of the Global Research Institute of International Trade, a think-tank/consulting firm that examines trade policies and their impact on domestic businesses. Prior to heading GRIIT, Dr. Jackson was a tenured associate professor of political science in North Carolina and worked as a trade policy consultant for an Arlington-based consulting firm. She has participated in trade policy projects and conducted research on free trade negotiations in Botswana, Antigua and Barbuda, Dominica, Dominican Republic, Mexico and Panama. Dr. Jackson has also traveled to Chile and Argentina to study their political systems and economic integration policies.
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3 Responses to Hope for U.S. Colombia FTA same time as the new commerce secretary is announced

  1. DHJay says:

    Hopefully the new commerce secretary can get the FTA up and running since the agreement has been stalled in the US Congress since 2006/2007. This piece is very explanatory and informative.

  2. Beyond the obvious, what are the economic implications of not reaching a trade deal? Would our economy get worse?K Smith

  3. Thank you for your question regarding the economic impact of a U.S.-Colombia FTA. Our economy could stand to gain some from such a trade deal in terms of increase in exports and additional market access. The U.S. International Trade Commission reported in 2006 that that the deal would result in an additional $1.1 billion from exports and benefits to the agricultural and financial services sectors.Of course, when free trade is mentioned, there is the concern about the loss of employment in the United States. This deal would not serve as a threat to U.S. producers, because many of the goods that would enter the U.S. market under this agreement have already been enjoying preferential access under the Andean Trade Preferences Act (ATPA), which just expired earlier this year.

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