U.S. Trade Representative Susan C. Schwab reviews the year in trade 2007 in this week’s videopodcast of “America’s Business with Mike Hambrick,” highlighting Congressional passage of the U.S.-Peru Free-Trade Agreement. But challenges await in 2008: enactment of trade pacts with Panama, Colombia and South Korea and completion of the Doha round of the WTO negotiations. Schwab comments:
“It is puzzling that any member of Congress could vote no on a trade agreement that opens a foreign market for U.S. exports to a country that already has unlimited access to the U.S. market. That’s what the Peru vote did, that’s what the Columbia deal does, that’s what the Panama deal does and, quite frankly, in the case of the Korea deal…Korean barriers are significantly higher than ours.”
NAM President John Engler closes with his “The Last Word” commentary, challenging New York politicians who want to shut down a nuclear power plant and the power it provides to New York City.
To watch this week’s vodcast, please click the embedded video or head over to YouTube.com/namvideo. And to listen to the entire radio program, available Friday afternoon, please visit www.americasbusiness.com.
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