NAM Key Vote Letter on U.S.-Colombia Free Trade

By April 10, 2008Trade

The National Association of Manufacturers today sent a letter to members of the House of Representatives opposing any votes to delay action on enacting the U.S.-Colombia Free Trade Agreement:

On behalf of the National Association of Manufacturers (NAM), the nation’s largest industrial trade association representing small and large manufacturers in every industrial sector and in all 50 states, I urge you to oppose any effort to delay the prompt consideration of and timely vote on H.R. 5724, the U.S.-Colombia Trade Promotion Agreement Implementation Act.

The NAM is extremely concerned that removing the 90-day timetable for action on the agreement will not only prevent timely and fair consideration of the U.S.-Colombia agreement, but will also fundamentally undermine the effectiveness of the Fast Track/Trade Promotion Authority process. If this process is undermined in such a manner, the ability of the United States to enter or complete trade agreements with other countries will be severely compromised, both now and in the future.

Furthermore, at this time of great instability in world financial markets, this is not time to raise uncertainty about America’s commitment to open trade. Currently, U.S. manufactured goods entering Colombia face an average tariff of 14 percent, at a cost of $80 million a month on existing sales to Colombia. At the same time, virtually no Colombian goods face any barriers in the United States. Passage of this agreement is vital to our economy and the future growth of American manufacturing.

Key votes are used by the NAM to rate a member’s overall record on support for the manufacturing economy.

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