Congress should hurry up and enact the pending Colombia, Panama, and South Korea Free Trade Agreements. Columbia and Panama are two of South Florida’s largest trade partners. The Obama Administration estimates that the FTA with Colombia alone will increase U.S. exports by $1 billion and that the one with South Korea will add 70,000 jobs.
South Florida will benefit from this increase in trade. Increased trade equals increase in employment equals a more stable real estate market.