As Trade Goes By

By May 10, 2010General, Trade

Bloomberg, “Trade Deals Needed to Aid U.S. Exports, Farmers Say“:

May 3 (Bloomberg) — Congress should pass U.S. free-trade agreements with South Korea, Colombia and Panama to meet President Barack Obama’s goal of doubling exports in the next five years, a group of agricultural trade groups said.

Legislation to pass the agreements, which would boost U.S. agricultural exports by $2.5 billion, has stalled in Congress, Bob Stallman, the president of the American Farm Bureau Association, said today on a conference call with reporters from Washington. Without the agreements, the U.S. may lose market share in those three countries to competing exporters including Canada and the European Union, Stallman said.

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