From the Summary: "On November 22, 2006, Deputy U.S. Trade Representative John Veroneau and Colombian Minister of Trade, Industry, and Tourism, Jorge Humberto Botero, signed the Colombia Trade Promotion Agreement (CTPA), a bilateral free trade agreement between the United States and Colombia. President Bush notified Congress on August 24, 2006, of his intention to enter into the CTPA. The CTPA is a comprehensive trade agreement which, if ratified, would eliminate tariffs and other barriers in goods and services trade between the United States and Colombia. The 110th Congress may consider implementing legislation for the agreement under the 2002 Trade Promotion Authority (TPA) procedures. Under TPA, the President would submit formally to Congress the draft agreement and implementing legislation after entering into the agreement, but with no time limit to do so. This report will be updated as events warrant."
CRS Report for Congress, RS22419