Print Article
>> Back to the article
Nov 12, 2008
No links between FTA, stimulus

NEW YORK - US President George W. Bush has not tied support for a second economic stimulus package or help for the US auto industry to passage of stalled trade pacts, including one with Colombia, the White House said on Tuesday.

Bush spokesman Dana Perino denied news reports that Mr Bush made such a linkage when he and his successor met privately at the White House on Monday.

'In no way did President Bush suggest that there was a quid pro quo when it came to Colombia free trade agreement or the other free trade agreements,' she said. 'There was no linkage.'

'They both shared their ideas as to what could be done to help improve the economy. President Bush has long stood for the free trade agreements. He believes that they can and should pass on their merits', said Ms Perino.

'We are a country that should be open to foreign investment and also we should try to continue to grow our export business, which has been one of the bright spots in our economy, even during this downturn', she said.

Mr Bush 'hopes that the next administration will recognise that not only is that good for our businesses - especially if you want to create jobs, one of the best ways to do that is to open up new markets for our businesses and our entrepreneurs', said Ms Perino. -- AFP

Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access
S M T W T F S
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Best viewed at 1152x864 resolution with IE 6.0 or FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co. Regn No. 198402868E | Privacy Statement | Terms & Conditions