Tuesday, 3 March 2009

Panama Gets Nod by Obama Administration on Free Trade Agreement. Is This Also Good News for Colombia, Korea?

U.S. President Barack Obama gave a boost to a free-trade agreement with Panama yesterday by urging lawmakers to pass the accord and set benchmarks for future trade agreements. Does this mean Colombia and South Korea will get their respective accords passed too? It well could mean that, says Bulltick LLC. In a report, the first detailing Obama's position on trade, according to Bulltick, the government ''stated its intention to rework provisions of the North American Free Trade Agreement with Canada and Mexico to make it more socially and environmentally conscious,´´ the shop says. This is interesting. We here at MM doubted the Colombia FTA would even be considered or bolstered before 2010.

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