On Trade, Petro Should Emulate Lula, AMLO
A former Colombian planning minister writes that instead of revising trade agreements, his country and others should focus on solving market and government failures.
BOGOTA — Colombia’s President Gustavo Petro has proposed renegotiating the nation’s free trade agreement with the U.S., citing unbalanced corn imports from the North American country and Canada. The announcement wasn’t surprising: During his campaign, Petro said he wanted to amend the accord to protect Colombian agriculture. But embarking on such an endeavor is a risky bet. On the political front, renegotiating free trade agreements presents significant challenges. By design, an accord to this kind is reached when both parties believe the benefits outweigh the concessions....
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