Colombia and China may partner to build a 137-mile railway linking the Andean country’s Atlantic and Pacific coasts. The “dry canal” project fuels speculation that Colombia is looking beyond the United States for trade opportunities.
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“Now is not the time to relinquish our historic leadership on trade in the hemisphere—it’s the time to renew it," said keynote speaker Senator John McCain before a panel on trade issues affecting the Americas.
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AS/COA takes a look at the 112th Congress' activity related to pending free-trade agreements with Colombia and Panama, as well as extension of the Andean Trade Preference and Drug Eradication Act.
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"Colombia and Panama are not waiting on us," said Senator John McCain at the Americas Quarterly's Winter 2011 launch in Washington. "This is the new reality in our hemisphere today that too many Americans don’t understand: Our neighbors are not dependent on us."
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"[T]he facts in this case are pretty straightforward: In markets opened up by previous free trade agreements, the overwhelming majority of states have seen exports grow—in some cases exponentially," writes AS/COA's Christopher Sabatini in The Houston Chronicle.
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In the 2011 State of the Union, President Barack Obama signaled his support for pending trade deals with Colombia and Panama. But it remains to be seen how hard he will push for their passage. Will the two Latin American countries look elsewhere for trade partners?
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In a statement submitted to the House Ways and Means Committee, Council of the Americas urged ratification of pending free-trade pacts with Colombia and Panama to achieve the administration's goal of doubling U.S. exports while prioritizing hemispheric relations.
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Monday, January 24, 2011 | The Wall Street Journal
In an op-ed for TheWall Street Journal, AS/COA Board Member Thomas McLarty III says a strongly concerted effort to ratify pending trade agreements will remind voters that President Obama "sees America as confident and innovative enough to remain the global economy's True North."
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Bernard Aronson, former assistant secretary of state for inter-American affairs, argues in The Washington Post that delaying the ratification of free-trade agreements with Colombia and Panama sends Latin America a message: "Friends of the United States get thrown under the political bus."
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