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Colombia Trade Promotion Agreement

Date: April 1, 2008
Location: Washington, DC
Issues: Trade


COLOMBIA TRADE PROMOTION AGREEMENT -- (House of Representatives - April 01, 2008)

(Mr. SMITH of Nebraska asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. SMITH of Nebraska. Madam Speaker, now that we are back in Washington, I am looking forward to passing a trade accord with Colombia. The agreement should be brought up before the House as soon as possible. Over 90 percent of U.S. imports from Colombia now enter our country duty-free. The agreement will provide U.S. companies and ag producers with duty-free access to the Colombian market.

Colombia's market grew by 7 percent last year, and is already a top global export market for U.S. crops such as corn and cotton. With the trade accord in place, U.S. exports are projected to rise by more than $1 billion per year. The time is right. Opening new markets and strengthening existing ones is tremendously important to Nebraska's Third Congressional District and our Nation as a whole. It is my priority to help Nebraska's producers and industries continue to compete and succeed in the global market. I urge my colleagues to do the same.


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