Many U.S. products, including pork, imported by Colombia will cost that country's citizens more than similar Canadian imports now that Canada and Colombia have finalized a free trade agreement. The FTA lowers tariffs on Canadian goods.
In a press release issued today, the National Pork Producers Council cautioned that the U.S. pork industry, because of the new Canada-Colombia trade pact, could be completely out of the Colombian market in 10 years unless the United States approves its FTA with the South American nation.
The U.S.-Colombia FTA, which the Colombian Congress already has approved, and trade deals with Panama and South Korea are pending passage by the U.S. Congress.
NPPC is urging action now on all three FTAs, which combined would add more than $11 to the price producers receive for each hog marketed.