Thirty‐nine members of Congress from both major parties sent a letter to President Obama this week urging him to seek passage of the long‐stalled free trade agreement with our South American ally Colombia.
The agreement to eliminate trade barriers between our two countries was signed in November 2006, but under the influence of their trade‐union allies, Democratic leaders in the House have refused to even allow a vote.
As signers of the letter point out (go here for a Cato analysis), the agreement would be good for our economy and good for U.S. foreign policy. So far, the delay in passage has forced U.S. exporters to Colombia to pay $2.7 billion in extra duties that would have been eliminated if the agreement had become law.
The bipartisan supporters also rightly note that Colombia is a key ally, standing as a democratic alternative to both the Marxist FARC guerrillas and their authoritarian friend, President Hugo Chavez of Venezuela. As the letter correctly states:
Colombia has made remarkable progress on many fronts, emerging as a major growth market and leading center for Latin American business. In a region that has seen a disturbing increase in hostility to U.S. interests and values, Colombia has consistently proven itself to be an important friend, a reliable partner and a bulwark for democracy.
With Colombia in the process of electing a new president after eight years of progress under Alvaro Uribe, it is more important than ever that we strengthen our ties with Colombia through peaceful commerce.
The 20 House Democrats who signed the June 2 letter prove that this need not be a partisan issue. If President Obama is serious about boosting U.S. exports, building friendships abroad, and reaching across the aisle for the good of the country, he should heed the wise words of this letter.