Nebraska farmers and ranchers are losing opportunities as long as Congress delays ratification of a trade agreement with Colombia, said Rep. Adrian Smith, R-Neb.
Thursday, Smith participated in a hearing on the Colombia agreement by a subcommittee of the House Ways and Means Committee, of which Smith is a member.
“Opening new markets, particularly those growing as rapidly as Colombia, is the best way to create American jobs and boost economic growth,” Smith said.
The U.S.-Colombia agreement would eliminate or substantially lower tariffs on exports to Colombia, particularly agricultural products.
The American Farm Bureau estimates U.S. farm exports to Colombia could increase by more than $690 million annually with the agreement.
Colombia had been the United States’ largest ag product market in Latin America, but it has fallen to second.
Thursday, Smith participated in a hearing on the Colombia agreement by a subcommittee of the House Ways and Means Committee, of which Smith is a member.
“Opening new markets, particularly those growing as rapidly as Colombia, is the best way to create American jobs and boost economic growth,” Smith said.
The U.S.-Colombia agreement would eliminate or substantially lower tariffs on exports to Colombia, particularly agricultural products.
The American Farm Bureau estimates U.S. farm exports to Colombia could increase by more than $690 million annually with the agreement.
Colombia had been the United States’ largest ag product market in Latin America, but it has fallen to second.
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