Speaking at the James A. Baker Institute for Public Policy, COA Vice President Eric Farnsworth argued that trade and investment expansion serve as "the most effective means we have to support growing democracy in Latin America."

U.S. President George Bush hosted Peruvian President Alan García for the signing of the U.S.-Peru Trade Promotion Agreement on December 14 after the deal won overwhelming approval in the Senate. Bush has called on Congress to now take action on the Panama and Colombia agreements.

On November 30, AS/COA welcomed former Presidents José Sarney and Alejandro Toledo at the annual Latin America Conference. Panels focused on promoting social and economic development in the Americas as well as Venezuela's vote on constitutional reform.

Secretary of Commerce Carlos M. Gutierrez, speaking at the James A. Baker Institute for Public Policy, discussed the importance of trade to the U.S. economy. He also spoke about free trade in the Americas, saying rejection of a free-trade agreement with Colombia "would be not just a step backwards, but one of the biggest foreign policy mistakes of our time in our region."

In a Miami Herald editorial, retired U.S. General Barry R. McCaffrey explains that Colombia's robust economy and drastically improved security situation warrant approval of a U.S.-Colombia free-trade agreement—a pact currently stalled in the U.S. Congress.

While a U.S.-Peru bilateral agreement moved forward in Congress, the Council of the Americas brought together Ambassador John Veroneau of the Office of the U.S. Trade Representative and Colombia's Minister of Trade Luis Guillermo Plata. Speakers emphasized the need for congressional approval of a trade deal with Colombia, a key U.S. ally in the hemisphere.

The U.S. House of Representatives passed the U.S.-Peru Trade pact Thursday by a wide margin, paving the way for the Senate to approve the deal. A new AS/COA update outlines the house's approval.