The Democrats have blocked consideration of the free trade agreement between the U.S. and Colombia, a key ally in Latin America. This is perverse, since nearly all of Colombia’s goods already enter the U.S. tariff-free, while the agreement would open Colombia’s market to American companies. Perverse, but consistent with Barack Obama’s policy of coddling our enemies while shafting our friends.
Now, Canada has announced that it has completed a trade agreement with Colombia. The agreement will be a boon to Canada’s economy:
Once implemented, the agreement will see Colombia eliminate tariffs on most industrial products including paper, machinery and equipment, as well as on a majority of Canadian agricultural exports.
Trade between Canada and Colombia already amounts to over $1.1 billion per year; the new agreement makes it likely that Canadian companies, rather than American, will benefit from increasing trade in the region. With the Democrats’ policies on taxes, trade and energy, it is not easy to see how they could damage our economy more if that were their purpose.