Colombia: The impact of Obama`s victory
Colombia is one the countries with the highest expectations in relation to the Barack Obama administration in the US, as it has an FTA (Free Trade Agreement) which is still awaiting approval by the US Congress.
Even though the success of the policies against the Farc (Revolutionary Armed Forces of Colombia) has been recognized, Democrats have criticized violence against trade union members and NGOs (Non-Governmental Organizations) in Colombia. That’s why the Democratic majority in Congress has not allowed the agreement to be approved, in spite of numerous requests by President George W. Bush.
Obama is in favor of renegotiating the FTA so that it may be approved. Despite all the negativity, there are indications that the Democrats have a critical attitude in relation to free trade, one of the Republicans’ leading standpoints for the region. The center of the Democrats’ argument is that the economy should serve the “interests of the working class and not the rich and those of large companies”.
President Álvaro Uribe, is expected to suffer the most, as Bush currently sees Colombia as America’s leading ally in the region.
Welcome! Latin America is becoming consistently more important for the world. As the region becomes more stable, the world sees Latin America as a potential business area. In order to understand te potential Latin America has to offer, the world must understand the unique dynamics that the local politics function. This blog already exists in Portuguese since 2005 and is widely read. I believe it can be an important instrument to understand this amazing region. Suggestions, criticisms and opinions are welcome. + learn more
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