CQ TODAY MIDDAY UPDATE
Nov. 13, 2008 – 1:13 p.m.
Outgoing U.S. Trade Official Warns Obama on Protectionism
A key Bush administration trade official predicted Thursday that President-elect Barack Obama will face “unprecedented” anti-trade pressures in the coming years.
Christopher Padilla, the Commerce undersecretary for international trade, also urged the new administration not to ignore pending trade agreements or renegotiate the North American Free Trade Agreement.
Padilla said Obama will confront “more political pressure for protectionism than any other chief executive since 1930,” citing the global financial crisis, a recent political stalemate on trade agreements and the election last week of many new skeptics of free trade to the House and Senate.
Padilla made his remarks at George Washington University, two days before world leaders arrive in Washington for a summit to discuss the global financial crisis, and as the Bush administration pushes Congress to approve the long-stalled U.S.-Colombia trade agreement next week in a lame-duck session. Democratic leaders want to advance an economic stimulus package, but are resistant to passing the Colombia deal.
“With Congress set to return in the coming days, I hope they will help to boost our exports by approving key market-opening agreements with Colombia, Panama, and South Korea,” U.S. Trade Representative Susan Schwab said in a statement.
New Commerce Department trade figures released Thursday showed a decline in both exports and imports from August to September amid a weakening economy. Falling oil prices also helped push the trade deficit to its lowest level in nearly a year.




Comments
Free trade has only hurt the US economy because other countries don't hold up their end of that bargain. With record unemployment and huge trade deficits, how can congress even think about more trade deals? Columbia has an atrocious record on human rights. "Changing from within" has clearly not worked with China. Signing a FTA with Columbia will only encourage their behavior.
Those wary of free trade need only look at the 1930s to get an idea of what would happen if international trade crashes. As for the Colombia deal, if the US really wanted to take a stand against the human rights abuses, we would stop sending Colombia billions in anti-drug aid and cancel the ATPDEA which has given nearly all Colombian goods duty free access to US markets for years. In other words, we already have a free trade deal with Colombia in that their goods enter the US for free, we lend implicit support for their rights violating regime BUT US goods DONT get the same benefits. The proposed Colombia deal would end this bias and give goods from both countries free access to each others' markets. It needs to be passed.
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