Senate Panel Backs Colombia, Korea, Panama Trade Deals

Law360, New York (October 11, 2011, 8:22 PM EDT) -- The U.S. Senate Finance Committee on Tuesday voted overwhelmingly to recommend long-stalled trade agreements with South Korea, Panama and Colombia over protests that interrupted the meeting and forced the committee to delay.

The agreements with South Korea and Panama passed unanimously, while senators voted 18-6 to approve the deal with Colombia after several lawmakers voiced concerns over Colombia's patchy human rights and labor record.

Committee Chair Sen. Max Baucus, D-Mont., said the agreements will increase American exports by $13 billion and boost the GDP by more...
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