We should also enact the long-delayed Andean TradePreference Act, which would substantially reduce barriers to Colombian exports, such as cut flowers, to the U.S. We should spare Colombia the untender mercies of the International Monetary Fund and, instead, urge the country to stabilize its peso and slash taxes.
In August Brazil's trade and industry minister Fernando Pimentel unveiled tax breaks, cheap credit and a misconceived government preference for buying local.