Panama Could Be Large Buyer of U.S. Soy
Products
American Soybean Association Board Member
Dennis Jaeger recently returned from a
fact-finding mission to Colombia and Panama
to study the potential benefits of the
pending Free Trade Agreements with those
countries and also increase the opportunity
to sell U.S. soy products in both countries.
Jaeger reports that the American Soybean
Association as well as Colombian officials
are in support of the FTA.
"ASA is a strong supporter of the free trade
agreements," Jaeger said. "The opinion of
the officials in Colombia was that every
sector of Colombia was a very strong
supporter of the free trade agreement and
they want to be closer aligned with the
United States."
Jaeger says implementing the pending FTAs
would be extremely beneficial to the soybean
industry.
"Potential benefits of the Colombian Free
Trade Agreement and also the one with Panama
would be increased trade," Jaeger said.
"With Colombia, the oilseed industry last
year amounted to approximately $287 million,
and this would grow further if the Colombian
Free Trade Agreement is implemented."
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