RealNews

U.S. and Colombia Reach Trade Deal After 2 Years of Talks

After nearly two years of negotiations, the United States and Colombia agreed Monday to a trade deal that would be the largest Washington has concluded with a Latin American country since signing a free trade pact with Mexico in 1993. The pact was a rare victory in Latin America for the Bush administration, which in the last two years has had to redirect efforts away from fashioning a 34-country trade bloc to negotiating deals with individual countries. Big players like Brazil have balked at talks because of hurdles like American farm subsidies, while Venezuela’s president, Hugo Chávez, has led the charge against free trade on ideological grounds. Full Story

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