Deal is expected to strengthen US-Colombian economic ties, says USTR
WASHINGTON, DC – 11/27/06 – The US has signed a free-trade agreement (FTA) with Colombia, the 10th such agreement passed under the president's trade promotion authority, which is set to expire in July 2007.
Both countries now will submit the agreement to their respective legislatures for approval.
The agreement “will offer new opportunities for US-based businesses, manufacturers, farmers and ranchers" and “provide Colombia with permanent access to the US market, which will aid in sustaining real growth, creating more jobs and attracting new investment," said John Veroneau, Deputy US Trade Representative.
Veroneau (above, standing left) signed the agreement on behalf of the US with Colombian Minister of Trade, Industry and Tourism Jorge Humberto Botero in Washington.
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