AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

US lawmakers are likely to pass a trade agreement for Colombia despite concerns by some Democrats because they need to show support for an important US ally in Latin America, a top US trade official said.
Colombia, a Washington supporter in a region where leaders antagonistic to US policies have gained ground, lobbied hard for a trade accord after critics in Democratic ranks demanded more progress on rights and justice before approving the deal.
"I believe the majority of them will understand that it will send a very bad signal for Congress to not stand with a country like Colombia," Deputy US Trade Representative John Veroneau told Reuters by telephone late on Thursday during a visit to Colombian coastal city Cartagena.
President Alvaro Uribe has been a staunch White House ally in South America, where left-wing leaders such as Venezuela's President Hugo Chavez and Ecuador's Rafael Correa have promoted their socialist ideas as an alternative to US policies.
Some Democrats have demanded Colombia do more to tackle illegal paramilitary influence, improve human rights and push investigations into the murder of labour activists before they agree to support any free trade deal for the Andean country.
Veroneau said the US administration has worked with Congress and with Uribe on addressing the concerns of Democrats before the Colombian trade bill is presented to Congress again in September or October.
Helped by billions in US aid, Uribe has pushed back Marxist rebels and reduced violence from his country's insurgency. But critics say Uribe has not done enough to curb former paramilitary death squads who battled the rebels before reaching a peace deal with his government. Some Democrats want a vote on Colombia's deal delayed by two years so lawmakers can see whether the country has made progress in reducing violence against unions.
But Senate Finance Committee Chairman Max Baucus, a Montana Democrat, said last month he is seeking to overcome opposition in his own party to get the Colombian deal approved. "As members of Congress focus on the Colombian free trade agreement they will become convinced that there is an impressive trendline underway and that the best way to maintain that trendline and improve on that trend-line is by supporting this free trade agreement," Veroneau said.
The trade representative said Peru's free trade agreement will be the first sent to Congress and the length of the debate over Colombia's accord will depend on how much time lawmakers are in session for the rest of the year.

Copyright Reuters, 2007

Comments

Comments are closed.