Alexander: U.S.-Colombia Trade Promotion Agreement Would Benefit U.S. Economy

“Congress should quickly pass this agreement because it levels the playing field with Colombia, gives a boost to the economy, and creates jobs for Tennesseans.”

Posted on April 9, 2008

Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, today released the following statement on the U.S.-Colombia Trade Promotion Agreement: “This agreement is good news for the economy and for Tennessee workers, farms, and businesses because it will allow goods from the United States to enter Colombia tax-free – just like Colombian products enter the United States tax-free. Approximately 40 percent of our nation’s economic growth comes from exports, and trade is especially important to Tennessee. In 2007, Tennessee exported $21.8 billion worth of goods – including $151 million to Colombia alone – making Tennessee the ninth largest exporter to Colombia out of all 50 states. These numbers will climb even higher if this agreement is approved. Congress should quickly pass this agreement because it levels the playing field with Colombia, gives a boost to the economy, and creates jobs for Tennesseans.” ###