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Obama Needs to Back up Trade Talk with Action


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February 8, 2010
Longview Daily News (Longivew, WA)
The United States is the net beneficiary in all three trade agreements, but the Colombia pact especially favors U.S. interests. Colombia already is selling about 90 percent of its products to the United States duty-free. U.S. products sold to Colombia are subject to tariffs of up to 35 percent for non-agricultural goods and higher for agricultural exports. The moment Congress ratifies the trade agreement, more than 80 percent of those tariffs disappear.