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Bush urges Congress to pass 4 more free trade pacts.

techs

Lifer
Sep 26, 2000
28,563
3
0
http://online.wsj.com/article/...tml?mod=googlenews_wsj

WASHINGTON -- President Bush Tuesday pressed Congress to approve outstanding trade agreements, saying "champions of false populism" in the Western Hemisphere would be emboldened if lawmakers fail to act on deals with Peru, Panama and Colombia.

In remarks at a White House Forum on International Trade and Investment, Mr. Bush said lawmakers should approve a trade pact with Peru quickly, then consider the agreements with Panama and Colombia as soon as possible. He said Congress also needs to approve an agreement with South Korea in the interest of U.S. companies and workers.

The House Ways and Means Committee signed off on the Peru agreement last week, and the pact is expected to be considered by the full House and Senate soon. The fate of the other three agreements is unclear.

Mr. Bush said it would be "unacceptable" to pass the Peru agreement and let the Panama and Colombia deals languish. "People are watching the actions of the U.S. Congress very carefully," he said. "Champions of false populism in the region are watching Congress. They will use any failure to approve these trade agreements as evidence that America will never treat democracies in the region as full partners." The line was a veiled reference to Venezuelan President Hugo Chavez, a fierce critic of U.S. foreign policy.

"The time has come for Congress to act," Mr. Bush said, pointing to the 75 million potential customers in the three Latin American countries. Passing the deals, he said, would eliminate many of the tariffs U.S. goods now face in the region.



Free trade pacts are one of the CAUSES of countries in South America turning to Chavez type leaders. South American countries can't compete with China. Countries like Peru and Mexico are getting creamed by cheap Chinese labor.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
2
0
I guess he doesn't read.
Fixed.

Free trade pacts are one of the CAUSES of countries in South America turning to Chavez type leaders. South American countries can't compete with China. Countries like Peru and Mexico are getting creamed by cheap Chinese labor.
Are you sure? These people have pretty crap standards of living. Why can't they compete? Do they lack the education or what?
 

Fern

Elite Member
Super Moderator
Sep 30, 2003
26,907
173
106
Originally posted by: techs
http://online.wsj.com/article/...tml?mod=googlenews_wsj

WASHINGTON -- President Bush Tuesday pressed Congress to approve outstanding trade agreements, saying "champions of false populism" in the Western Hemisphere would be emboldened if lawmakers fail to act on deals with Peru, Panama and Colombia.

In remarks at a White House Forum on International Trade and Investment, Mr. Bush said lawmakers should approve a trade pact with Peru quickly, then consider the agreements with Panama and Colombia as soon as possible. He said Congress also needs to approve an agreement with South Korea in the interest of U.S. companies and workers.

The House Ways and Means Committee signed off on the Peru agreement last week, and the pact is expected to be considered by the full House and Senate soon. The fate of the other three agreements is unclear.

Mr. Bush said it would be "unacceptable" to pass the Peru agreement and let the Panama and Colombia deals languish. "People are watching the actions of the U.S. Congress very carefully," he said. "Champions of false populism in the region are watching Congress. They will use any failure to approve these trade agreements as evidence that America will never treat democracies in the region as full partners." The line was a veiled reference to Venezuelan President Hugo Chavez, a fierce critic of U.S. foreign policy.

"The time has come for Congress to act," Mr. Bush said, pointing to the 75 million potential customers in the three Latin American countries. Passing the deals, he said, would eliminate many of the tariffs U.S. goods now face in the region.



Free trade pacts are one of the CAUSES of countries in South America turning to Chavez type leaders. South American countries can't compete with China. Countries like Peru and Mexico are getting creamed by cheap Chinese labor.
Well there's not much info in the link.

I've had some limited business dealings with Peru and recall reading about the trade pact with them. That was a couple of years ago, but my recollection is that it is a beneficial one for both countries. Unless it's changed, I see no why reason at this time why it shouldn't be passed/ratified by Congress.

WTH does China have to do with it? This is a trade pact between the US & those countries. If they wanna trade pact with China, that's their business. But it (China) has nothing to do with the trade pacts mentioned above.

Fern
 

ayabe

Diamond Member
Aug 10, 2005
7,449
0
0
Originally posted by: Skoorb
Are you sure? These people have pretty crap standards of living. Why can't they compete? Do they lack the education or what?
Not nearly as crappy as China. Slave labor doesn't fly in South America.
 

techs

Lifer
Sep 26, 2000
28,563
3
0
Originally posted by: ayabe
Originally posted by: Skoorb
Are you sure? These people have pretty crap standards of living. Why can't they compete? Do they lack the education or what?
Not nearly as crappy as China. Slave labor doesn't fly in South America.
QFT

 

Genx87

Lifer
Apr 8, 2002
41,061
494
126
Free trade pacts are one of the CAUSES of countries in South America turning to Chavez type leaders. South American countries can't compete with China. Countries like Peru and Mexico are getting creamed by cheap Chinese labor.
The hell are you blabbing about? What do these free trade pacts gurantee? My "guess" is they include low or no tariff's on product coming out of those countries and likewise on our product going into said country.

Trade pacts are not the cause of a chavez rise to power. Chavez rose to power because the poor were dumb enough to believe him when he promised them the world and delivered a turd.

 

techs

Lifer
Sep 26, 2000
28,563
3
0
Originally posted by: Genx87
Free trade pacts are one of the CAUSES of countries in South America turning to Chavez type leaders. South American countries can't compete with China. Countries like Peru and Mexico are getting creamed by cheap Chinese labor.
The hell are you blabbing about? What do these free trade pacts gurantee? My "guess" is they include low or no tariff's on product coming out of those countries and likewise on our product going into said country.

Trade pacts are not the cause of a chavez rise to power. Chavez rose to power because the poor were dumb enough to believe him when he promised them the world and delivered a turd.
More "truthiness" from GenZ.
Chavez became president because the moneyed elite in Venezuala so screwed the middle and lower classes they were ripe for anyone promising massive change.
Sort of like what's happening in this county.

 

Genx87

Lifer
Apr 8, 2002
41,061
494
126
Originally posted by: techs
Originally posted by: Genx87
Free trade pacts are one of the CAUSES of countries in South America turning to Chavez type leaders. South American countries can't compete with China. Countries like Peru and Mexico are getting creamed by cheap Chinese labor.
The hell are you blabbing about? What do these free trade pacts gurantee? My "guess" is they include low or no tariff's on product coming out of those countries and likewise on our product going into said country.

Trade pacts are not the cause of a chavez rise to power. Chavez rose to power because the poor were dumb enough to believe him when he promised them the world and delivered a turd.
More "truthiness" from GenZ.
Chavez became president because the moneyed elite in Venezuala so screwed the middle and lower classes they were ripe for anyone promising massive change.
Sort of like what's happening in this county.
You off your meds again? WTF do you think I just said?

 

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