They say when trade works, the world wins. In that case, the president's signing of Free Trade Agreements with Colombia, Panama and South Korea on Oct. 21 was a long-awaited victory for all parties. Global access is imperative to maintaining a competitive edge, as foreign markets hold the most growth potential. According to Floyd Gaibler, U.S. Grains Council director of trade policy, the overseas market represents 73% of the world's purchasing power, 87% of the economic growth and 95% of the world'scustomers. The passage of these agreements levels the playing field and gives the United States the same duty-free access our competitors have experienced in all three markets.
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