The Democrat-led House of Representatives, spearheaded by Speaker Nancy Pelosi, is blocking a vote on the US-Colombia Free Trade Agreement. Rather than protecting the labor unions (such as UAW) and manufacturers, whose job losses Democrats claim to lament, this trade agreement inaction will prove costly at a time when our economy is in a desperate need of a tourniquet. The delay is especially ill-timed because the Canada-Colombia FTA was signed on November 21st.
The benefits gained by Canada and Colombia will result in a loss for the United States. The Canada-Colombia pact will eliminate existing tariffs between those two countries for a wide range of products. Hence, why would Canada and Colombia choose to purchase from the US (with tariffs) when it is cheaper to buy-sell among themselves? Who gets hurt here? - labor unions and manufacturers, of course.
It is in our country's best interest to demolish trade barriers, especially with a democracy in our hemisphere. We should want all South American countries to realize the benefits of being a free-trading, economically-free, democracy. Canada is ahead of us on this one.
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