March 10, 2008

Colombia is already an important market for America’s farmers and ranchers. In 2007, the United States exported a record $1.2 billion of agricultural products to Colombia. Our top exports to the market were coarse grains, soybeans, wheat, cotton, and fresh fruit. With the U.S.-Colombia Trade Promotion Agreement in place, agricultural trade between the United States and Colombia will change from a one-way street to a two-way street.

Source: Prepared by the U.S. Department of Agriculture

March 7, 2008

The U.S. - Colombia Trade Promotion Agreement will provide increased access to Colombia’s government procurement market, which is estimated to be between $12.9 billion and $19.4 billion. The Agreement secures transparency and non-discrimination for U.S. companies seeking to bid on procurements conducted by most Colombian central government entities, including all key ministries and significant state-owned enterprises. Colombia also agreed to include all of its regional governments.

Source: Prepared by the International Trade Administration

March 6, 2008

Environmental goods accounted for 3.8 percent of total U.S industrial exports to Colombia in 2006, totaling $187 million. The top U.S. exports in this sector included air and gas pumps, filtration equipment, some engine parts, and measuring and checking machinery. Colombian tariffs on environmental goods range from five to 20 percent, with an average of 10 percent in 2006. For environmental products, 79 percent of U.S. exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration

March 5, 2008

Industrial goods represented almost 78 percent of total U.S. exports to Colombia in 2006, totaling $4.9 billion. U.S. industrial exports to Colombia are greatest in the information technology, chemicals, infrastructure and machinery, and construction equipment sectors. Colombian tariffs on industrial products range from zero to 35 percent, with an average of approximately 10.4 percent. The highest tariffs on industrial goods apply to motor vehicles. Many products in these key U.S. export sectors will gain immediate duty-free access to Colombia as a result of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration

March 4, 2008

Infrastructure and machinery products accounted for 10.6 percent of total U.S. industrial exports to Colombia in 2006, totaling $522 million. The top U.S. exports in this sector were pumps, compressors, and parts thereof; taps, cocks, and valves; paper making machinery; and interchangeable hand tool parts. Colombian tariffs range between zero and 20 percent with an average of 11.1 percent in 2006. For infrastructure and machinery products, 70 percent of U.S. industrial exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration