Good news from Colombia: coke production down, business up

Colombia’s share of world cocaine plummets

Naranjo, speaking on Thursday at an anti-drug summit, said that in 2002, when President Alvaro Uribe first took office, Colombia produced 90 percent of the world’s cocaine — but that has dropped today to 54 percent.

That’s a 40% decrease in six years.

Naranjo said the drop in production was due to intense coca crop erradication efforts, destruction of cocaine laboratories, and persecution of drug organizations.

Chavez apparently is too busy nationalizing banks to attend the summit, so he cancelled at the last moment.

The FARC is hurting for cash since their extortion and cocaine smuggling rackets are on the decline, so now they’re trying to branch into opportunistic criminality, and getting caught for it.

Security continues to improve:

Nancy Pelosi, who’s too busy going on vacation to notice, has demanded an improvement on security for labor union leaders. She doesn’t want to know about the change that is taking place in Colombia:

International business is responding to the new opportunities in Colombia, and A record breaking US$ 3,1 billion entered Colombia through foreign investments in the first three months of 2008. Tourism is booming.

Via IBD blog:

While bank runs plague Venezuela next door as panicky depositors seek to withdraw their savings before Chavez can get his hands on them, Colombia is an investment magnet, drawing in a record $3.1 billion in the first quarter. If things stay steady, the country should draw at least $12 billion by the end of the year. It would be a 25% rise from 2007’s record-setting $9 billion. See what happens when a country cleans up and follows free markets? The inflowing investment is proof of it, a belief in Colombia’s future. Viva Colombia!

As more businesses continue to invest in Colombia and the country’s economy becomes more dynamic and more diversified, you will see that the stranglehold of the drug cartel’s on the country starts to disappear. More Colombians are returning to the country, which also alleviates the influx of illegal immigrants into the US.

The USA needs to show its support of this progress, and must approve the free trade agreement with Colombia. As Ambassador Shapiro said, it’s good for Colombia, good for the US, and good for our national security.

In related news: Here in the USA US Treasury targets more Colombian FARC supporters

The U.S. Treasury on Thursday said it blacklisted six more companies and 13 individuals linked with Colombia’s FARC guerrillas in an effort to squeeze the group’s financing from narcotics sales.

The Treasury said that among companies added to its list of specially designated narcotics traffickers were three money exchange firms in Bogota, a call center in Villavicencio and two other Bogota firms it called “front companies” for the Revolutionary Armed Forces of Colombia or FARC.

The designations ban Americans from transactions with the firms and individuals, and freeze any assets they may have under U.S. jurisdiction. It is the Treasury’s fifth action targeting FARC’s financing sources in the past eight months.

Additionally, the two Colombian paramilitaries that Colombia deported to the US have plead guilty to drug charges. The Colombian government deported them to the US last May. along with fourteen others, in the hopes that the extradition would be regarded as evidence that Colombia deserves a trade deal.

The Democrat Congress ignored the move.

Undoubtedly, Colombia still has a long way to go before achieving prosperity and security, but as I predicted last month, there is much cause for optimism.

Unless you’re Nancy Pelosi, that is.

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9 Responses to “Good news from Colombia: coke production down, business up”

  1. Good news from Colombia: coke production down, business up Says:

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  4. A Second Hand Conjecture » Colombia’s Capitalist Communes Says:

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  5. Lewis Talley Says:

    All this is great news. I intend to move there, marry my fiancee (una Colombiana), and help raise her three kids. Been there twice. Loved it both times. It’s a wonderful place with lots of good people.

    Besides, how can we point a finger at another country when we have meth labs, murders, kidnappings, etc., etc., right here in the US?

    By the way, the US IS NOT America. AMERICA IS TWO WHOLE CONTINENTS.
    The US is only a part of one of these continents. Unfortunately, journalists and our president seem to want to create the illusion that the US speaks for all the people of these two continents by referring to the US as America or its citizens as Americans.

    One day, this may return and bite them if, by so doing, they provoke terrorist attacks against our neighbors to the north or south. Or if one of our adversaries should attack Mexico or Brazil because of this implied alliance, how could we blame them if they in turn declared war against the US?

  6. Fausta Says:

    I’m very much aware that America is two continents, Lewis, but referring to the USA as America is hardly new. It goes back to pre-Independence times.

    if they in turn declared war against the US? In all, the trend in Latin America is towards democracy, trade and prosperity, which are not conditions that foster war.

  7. Lewis Talley Says:

    In reference to disregarding the possibility of war against the US, I point to 911 and say, “Laugh now, cry later!”

    Also, I am not aware of a trend toward prosperity in Mexico. If there was one, why do they want to come here so badly?

    Don’t get me wrong; I, personally, am not against Mexicans. My opinion is that they have been used for cheap labor by US companies, big farmers, and the like who have plenty of money to lobby congress so they can exploit the Mexicans and get filthy rich from it. But, when a recession comes along and puts a lot of people out of work, then there’s plenty of cheap labor as soon as people’s unemployment benefits begin to run out. Then, of course, the same hypocritical government that allowed these rich people to take advantage of the Mexicans decides it’s time to get rid of the Mexicans lest they should become a burden to the government via the Social Security or welfare systems!

    They were alright before — when they were being used to keep wages down.

  8. Fausta Says:

    I’m not sure what Mexico has to do with this post, Lewis, but Mexico has improved, compared to what it used to be. However, under no stretch of the imagination can you blame the US for all the disastrous conditions in Mexico over the past 4-5 centuries.

    Additionally, one of the arguments for immigration amnesty is that those workers (younger, in the work force) would support the Social Security system for older, retired, Americans.

    I am all in favor of penalizing the employers who exploit illegal immigrants, btw.

  9. Lewis Talley Says:

    I just used Mexico as an example of a neighbor American country to whom we could draw unwanted terrorist fire or retaliation by sticking “America’s” nose into other countries’ business and wars. There are plenty of other neighboring American countries to choose from, most of which are developing countries. Colombia is one of these, as well as Brazil and many others.

    And you are right. Perhaps I did get sidetracked a little, but it’s just that since I made my first trip to Colombia, I’ve realized how he minds of the eastern hemisphere have been trained to think of the US as America. I feel that it’s disrepectful to downplay the importance of other American countries.

    Enough about that. As I said Colombia is a really nice place with a lot of really nice people. But there are some bad apples just like here in the US. I think most of the good apples would prefer that this wasn’t the case. They would rather live in peace without the war and drugs that have taken their toll on their country and their society. My fiancee is one who has suffered from it; she lost a man in the war on drugs. He was a soldier in the Colombian military.