U.S.-Colombia FTA Driven More by Geopolitics Than Economics

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BOGOTA — Government and economic think-tank estimates may differ on the potential economic benefits of the recently approved Colombia-United States Free Trade Agreement, but one of the FTA’s goals has already been achieved: It has allowed the United States to reaffirm support for the Colombian government, still waging a nearly 50-year-long civil war against the FARC guerrilla insurgency and a two-decade battle against drug cartels. Clyde Prestowitz, president of the Washington-based Economic Strategy Institute, described the trade agreement as “a geopolitical tool in the guise of an economic deal.” For Tim Stater, an economic counselor at the United States Embassy […]

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