May 12

Past Event

The Economic and National Security Implications of the U.S.-Colombia Free Trade Agreement

Video

Highlights

  • Colombia FTA Would Level Playing Field

    The Honorable Chuck Grassley (R-Iowa): The Colombia free-trade agreement would level the playing field for U.S. exporters and would open new markets for American produced goods.

  • Strategic Alliance Threatened without Colombia FTA

    The Honorable Kit Bond (R-Mo.): Our strategic alliances with countries in South America and elsewhere will be compromised, if the Colombia free trade agreement isn''t enacted.

Summary

International trade has grown rapidly in recent decades. Most countries impose tariffs on imports, which protect domestic industries from overseas competition but distort world markets. With jobs and wages under pressure, both global trade talks and bilateral trade agreements have become harder and harder to negotiate. Although a free-trade deal has been negotiated by the United States and Colombia, it still awaits congressional approval. Last month, President George W. Bush submitted the Colombia free-trade agreement to Congress, but leaders in the House of Representatives have indefinitely delayed a vote on ratification.

On May 12, the Brookings Institution hosted Senator Chuck Grassley (R-Iowa) and Senator Kit Bond (R-Mo.) for a discussion of the economic and national security implications of the U.S.-Colombia Free Trade Agreement. Senator Grassley is the ranking member of the Committee on Finance, with Senate jurisdiction over international trade. Senator Bond is the vice chairman on the Senate Select Intelligence Committee and a senior member of the Senate Appropriations Committee.

Brookings Managing Director William Antholis provided introductory remarks and moderated the discussion.
 

Event Agenda

  • Introduction and Moderator

  • Featured Speakers

    • The Honorable Chuck Grassley (R-Iowa)

      United States Senate

    • The Honorable Kit Bond (R-Mo.)

      United States Senate

Details

May 12, 2008

3:30 PM - 4:30 PM EDT

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW

Map

For More Information

Brookings Office of Communications

(202) 797-6105