March 17, 2008

Missouri Exported $35 Million in Goods to Colombia in 2006. In 2006, Missouri's agricultural exports were estimated at $1.5 billion. Colombia is already the second largest market for U.S. farm products in Latin America, with significant potential for growth. Despite high tariffs and other barriers on most agricultural products, including key Missouri farm products such as soybeans, beef, and pork, U.S. exporters shipped more than $868 million in U.S. farm products to Colombia in 2006. The U.S.-Colombia Trade Promotion Agreement (TPA) offers incredible opportunities for Missouri’s exporters.

Source: Prepared by the International Trade Administration

March 14, 2008

In 2006, Tennessee's farm agricultural exports to the world were estimated at $924 million (latest data available). Colombia is already the second largest market for U.S. farm products in Latin America, with significant potential for growth. Despite high tariffs and other barriers on most agricultural products, including key Tennessee farm products such as cotton, soybeans, and tobacco leaf, U.S. exporters shipped $1.2 billion in U.S. farm products to Colombia in 2007, up 41 percent from 2006.

Source: Prepared by the International Trade Administration

March 13, 2008

Since the North American Free Trade Agreement’s (NAFTA) entry into force in 1994, Tennessee’s combined exports to Canada and Mexico have grown by 281 percent.

Source: Prepared by the International Trade Administration

March 12, 2008

The U.S.-Colombia Trade Promotion Agreement (TPA) offers tremendous opportunities for Tennessee’s exporters. Export-supported jobs linked to manufacturing account for an estimated 5.3 percent of Tennessee's total private-sector employment. More than one-seventh (15.1 percent) of all manufacturing workers in Tennessee depend on exports for their jobs (2003 data are the latest available). Exports sustain thousands of Tennessee’s businesses – a total of 4,117 companies exported goods from Tennessee locations in 2005. Of those, 3,267 (79 percent) were small and medium-sized enterprises (SMEs), with fewer than 500 employees.

Source: Prepared by the International Trade Administration

March 11, 2008

Under the pending trade agreement Colombia will immediately eliminate duties on wheat, barley, soybeans, soybean meal and flour, high quality beef, bacon, almost all fruit and vegetable products, wheat, peanuts, whey, cotton and the vast majority of processed products. The agreement also provides duty-free tariff rate quotas on standard beef, chicken leg quarters, dairy products, corn, sorghum, animal feeds, rice, and soybean oil.

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