- The US has finally ratified three free trade agreements with Colombia, Panama and South Korea, after several years of delay.
- The agreements were originally signed under the Bush administration, but the Obama administration has delayed their ratification until now.
- The delay has been damaging, particularly for relations with Colombia, the USA’s closest ally in South America. Colombia has sought alternative trading partners, particularly China.
- The ratification is a move in the right direction for US trade policy in Latin America. The US should continue to argue for the Free Trade Area of the Americas.