New York, April 7, 2011 - JPMorgan Chase Chairman and CEO Jamie Dimon released the following statement today regarding the U.S.-Colombia Trade Promotion Agreement:
"We applaud President Obama and President Santos for their leadership in moving forward with the US-Colombia Trade Promotion Agreement. Colombia has undergone a remarkable transformation in recent years and has become an important market in a key region of the world. The commitment of both governments to building upon the progress that has been made in Colombia will provide the needed momentum to ensure swift approval and implementation of the agreement by both governments."
"Implementation of this agreement with Colombia will provide great opportunities for U.S. workers, businesses and farmers to increase exports and provide expanded services in this key market. Without it, American companies will continue to lose market share to other countries that have negotiated their own agreements. We strongly support passage of this agreement. Increasing export and business opportunities through the lowering of tariff barriers and increased market access is critical to our nation's economy. Today's announcement is an important step in helping to fuel the overall economic recovery."
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.