As of Monday, it was three years since a bipartisan compromise was reached in Congress on a new framework designed to move forward on America's trade policy. But, according to House Ways and Means Ranking Member Dave Camp, R-Mich., the trade agenda has collapsed through inaction by the Administration and key Democrats in Congress. Camp says the government needs to actually create jobs by finding a path forward on the pending trade agreements with Colombia, South Korea, and Panama.
A report showing the harm suffered by American agriculture shows that the delay in implementation of the trade agreement with Colombia has resulted in a significant decline in U.S. agriculture exports. While that action has stalled, Argentina and Brazil have implemented their trade agreements with Colombia and used the resulting duty-free access to take market share away from America's farmers and ranchers.
The report finds that total U.S. agriculture exports to Colombia declined by 48%.; American farmers lost market share to Argentina and Brazil in such key sectors as corn, wheat, soybeans, and soybean oil; and American farmers and ranchers could lose even more exports and market share in Colombia if Canada and the European Union implement their trade agreements with Colombia before the United States.
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