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TSCRA Daily News Update, April 25, 2008
Colombia tariff ticker displays rising costs In related news, the Bush Administration has launched a web "ticker" to display just how much money is being paid to Colombiain tariffs for U.S. products going into their country, while the Colombian products continue to arrive on our shores duty free. "At a time when Americans are living and working in a strained economy, why is it that Congress has voted to allow Colombian goods to arrive on our shores duty free, but will not vote to give our agricultural products shipped to that country the same status?" asked Ag Secretary Ed Schafer in a statement Thursday. "Apparently Congress' priorities are not with the American people." Since the Colombia FTA was signed, nearly $1 billion in tariffs have been assessed to U.S. products being exported to Colombia. If Congress were to pass the U.S.-Colombia Trade Promotion Agreement, tariffs on more than 70 percent of U.S. agricultural products destined to Colombia would be eliminated immediately. The ticker can be viewed at http://trade.gov/index.asp.
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