An Imbalance in Trade Barriers

By February 28, 2008Trade

The House yesterday passed H.R. 5264, extending the Andean Trade Preference Act. Here’s how Reuters describes the action.

On a voice vote, the House approved a 10-month extension of the Andean trade preference program, which provides Colombia, Peru, Ecuador and Bolivia with duty-free access to the U.S. market for most of their exports.

So those countries — Colombia! — have duty-free access to the United States already. That must mean that a free trade agreement with, say, Colombia, will not be lowering U.S. tariffs, since they’re already gone. Which means that the lowering of trade barriers will be on Colombia’s part, creating greater access for U.S.-made products.

And why are people opposing it?

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