Clinton urges Congress to approve free trade accords with Panama and Colombia

 Hillary Rodham Clinton, the US secretary of state, has urged Congress to approve the free trade agreements with South Korea, Panama and Colombia before the summer recess.

Clinton said it was time to put these trade deals to work on behalf of the American people.

In Panama, instead of paying tariffs as high as 81 per cent as American businesses do now, 88 per cent of the consumer and industrial goods the United States export would enter Panama duty free.

Original source: RTT News