U.S., Colombia reach trade agreement (union, interest, money, bank)

[Dragneel]

President Obama and Colombian President Juan Manuel Santos will approve an “action plan” on labor rights today that had held up the free trade pact since it was negotiated in 2007.
Without deals on all three trade pacts, Senate Republicans had vowed to block confirmation of a new Commerce secretary and other trade measures.
Administration officials said Colombia’s agreement to improve legal protections for labor leaders and union organizers in the violence-torn nation cleared the way for the trade deal.


U.S., Colombia reach trade agreement - USATODAY.com

Colombia is promising market, 46 million people now, 60 millions expected in 2050.Good for the US

[floridasandy]

things the united states could do without:

united nations

IMF

world bank

export-import bank of the US

WTO

NAFTA, CAFTA and all the trade agreements that are brokered by corrupt politicians.

we have been on the fuzzy end of every "trade agreement" lollipop.

for the record this was started by bush and finished by obama.

[floridasandy]

The Myth of Free Trade Agreements - Worldpress.org

here are the numbers on why those trades don't work for us. this is just one statistic from the article, but there are many more:



• Since the U.S. began implementing NAFTA-style FTAs in 1994, the country has lost 4.9 million manufacturing jobs, as 43,000 American manufacturing facilities closed.

HOW MUCH WEALTH HAS BEEN DESTROYED WITH THIS?

and this:


• Between 1998 and 2009, U.S. goods exports to free trade agreement partner countries grew by an annual average rate of only 0.8 percent while goods exports to non-FTA partner countries grew by an average of 2.2 percent. If 2009 is excluded (to replicate a recent Chamber study that claimed that FTAs boost export growth), the average for FTA countries is 3 percent versus 4.2 percent for non-FTA countries.

so we actually have better exports with the NON free trade agreement countries.

[Dragneel]

Originally Posted by floridasandy

The Myth of Free Trade Agreements - Worldpress.org

here are the numbers on why those trades don't work for us. this is just one statistic from the article, but there are many more:



• Since the U.S. began implementing NAFTA-style FTAs in 1994, the country has lost 4.9 million manufacturing jobs, as 43,000 American manufacturing facilities closed.

HOW MUCH WEALTH HAS BEEN DESTROYED WITH THIS?

and this:


• Between 1998 and 2009, U.S. goods exports to free trade agreement partner countries grew by an annual average rate of only 0.8 percent while goods exports to non-FTA partner countries grew by an average of 2.2 percent. If 2009 is excluded (to replicate a recent Chamber study that claimed that FTAs boost export growth), the average for FTA countries is 3 percent versus 4.2 percent for non-FTA countries.

so we actually have better exports with the NON free trade agreement countries.

oh come on.....

[Philip T]

Ranaud, Wonderful Jello, is that you again?

[mysticaltyger]

Originally Posted by Dragneel

President Obama and Colombian President Juan Manuel Santos will approve an “action plan” on labor rights today that had held up the free trade pact since it was negotiated in 2007.
Without deals on all three trade pacts, Senate Republicans had vowed to block confirmation of a new Commerce secretary and other trade measures.
Administration officials said Colombia’s agreement to improve legal protections for labor leaders and union organizers in the violence-torn nation cleared the way for the trade deal.


U.S., Colombia reach trade agreement - USATODAY.com

Colombia is promising market, 46 million people now, 60 millions expected in 2050.Good for the US

Even if this is a positive for the US economy (and I'm not sure it is), it's not enough to give our economy the major boost it needs. Colombia is too small a country to make an impact.

[mysticaltyger]

Originally Posted by floridasandy

The Myth of Free Trade Agreements - Worldpress.org

here are the numbers on why those trades don't work for us. this is just one statistic from the article, but there are many more:



• Since the U.S. began implementing NAFTA-style FTAs in 1994, the country has lost 4.9 million manufacturing jobs, as 43,000 American manufacturing facilities closed.

HOW MUCH WEALTH HAS BEEN DESTROYED WITH THIS?

and this:


• Between 1998 and 2009, U.S. goods exports to free trade agreement partner countries grew by an annual average rate of only 0.8 percent while goods exports to non-FTA partner countries grew by an average of 2.2 percent. If 2009 is excluded (to replicate a recent Chamber study that claimed that FTAs boost export growth), the average for FTA countries is 3 percent versus 4.2 percent for non-FTA countries.

so we actually have better exports with the NON free trade agreement countries.

You're painting with an awfully broad brush here. There could be a lot of reasons why trade increased with non-FTA countries.

Also, manufacturing jobs would have declined no mattar what. A lot of those jobs were automated away. Many more probably went to non-fta countries, so I wonder what % of manufacturing jobs were really destroyed as a result of FTAs. I suspect, not that many.

[Dragneel]

Originally Posted by mysticaltyger

Even if this is a positive for the US economy (and I'm not sure it is), it's not enough to give our economy the major boost it needs. Colombia is too small a country to make an impact.

Yeah too small for now.But in the long run it's pretty interesting, in some decades Colombia's economy will have the same size as Spain in this moment.

[floridasandy]

Originally Posted by mysticaltyger

You're painting with an awfully broad brush here. There could be a lot of reasons why trade increased with non-FTA countries.

Also, manufacturing jobs would have declined no mattar what. A lot of those jobs were automated away. Many more probably went to non-fta countries, so I wonder what % of manufacturing jobs were really destroyed as a result of FTAs. I suspect, not that many.

if a "richer" country trades with a "poorer" country, who is going to receive the most benefit from the deal-

where is the money likely to flow?

i guess some americans won't be happy until all of the wealth of the united states has been exported, either through "globalization" or wars.

many others might wonder how this happened to this great country and what they will tell their children.

others might say it is important to protect your country, workers, borders, and currency.

[pvande55]

On the bright side, coffee should be cheaper. Perhaps our politicians need to drink more of it so they don't sleep while our nation crumbles.