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The proposed U.S.-Colombia free trade agreement : economic and political implications / M. Angeles Villarreal.
HeinOnline Taxation & Economic Reform in America, Parts I & II, 1781-2010 Available online
View onlineHeinOnline Taxation & Economic Reform in America, Parts I & II, 1781-2010 Available online
View onlineHeinOnline Taxation & Economic Reform in America, Parts I & II, 1781-2010 Available online
View online- Format:
- Book
- Author/Creator:
- Villarreal, M. Angeles, author.
- Series:
- CRS report for Congress ; RL34470.
- CRS report for Congress ; RL34470
- Language:
- English
- Subjects (All):
- Free trade--United States.
- Free trade.
- United States--Commercial treaties.
- United States.
- Physical Description:
- 1 online resource (31 pages).
- Place of Publication:
- Washington, District of Columbia : Library of Congress, Congressional Research Service, 2008.
- Summary:
- Implementing legislation for a U.S.-Colombia Free Trade Agreement (CFTA) was introduced in the 110th Congress. The agreement would immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. An additional 7% of U.S. exports would receive duty-free treatment within five years of implementation and most remaining tariffs would be eliminated within ten years of implementation. The agreement also contains provisions for market access to U.S. firms in most services sectors; protection of U.S. foreign direct investment in Colombia; intellectual property rights protections for U.S. companies; and enforceable labor and environmental provisions. Numerous Members of Congress oppose the CFTA because of concerns about the violence against labor union activists in Colombia. It would strengthen a key democratic ally in South America. For Colombia, a free trade agreement with the United States is part of the overall economic development strategy of Colombian President Alvaro Uribe's Administration. In his response to U.S. congressional concerns, President Uribe has stated on several occasions that he would make every effort to ensure that these concerns were addressed and that the situation in Colombia had improved substantially under his administration. Some Members of Congress have stated they would like to see evidence of progress in this area before supporting the agreement.
- Notes:
- Description based on publisher supplied metadata and other sources.
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