Success of Colombia trade pact shows way for other FTAs
Trade makes up more than a quarter of the United States’ gross domestic product. In 2015 alone, U.S. exports of goods and services reached $2.23 trillion, according to the U.S. Chamber of Commerce.
For agriculture, this impact is even more pronounced. One out of every three acres planted on American farms is currently exported, and the United States Department of Agriculture (USDA) estimated that in 2014, these agriculture exports alone created more than a million full-time jobs in the United States.
With 95 percent of the world’s population living outside of the United States, our domestic economic growth depends on our ability to sell American goods abroad. And the ability to sell abroad depends in large part on the more than 20 free trade agreements (FTAs) the United States currently has in place with other...
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