More than 80% of U.S. exports of consumer goods and manufactured goods to Colombia are immediately exempt from tariffs and the remaining tariffs are eliminated over a 10-year period. The U.S.-Colombia Trade Promotion Agreement (TPA) will support more U.S. jobs, increase U.S. exports and improve U.S. competitiveness. New opportunities for workers, producers, farmers and ranchers: more than 80% of U.S. exports of consumer goods and industrial products to Colombia were released after entry into force and the remaining tariffs were controlled over a ten-year period. U.S.
products that have received immediate duty-free access include agricultural and construction equipment, aircraft and parts, auto parts, fertilizers and agrochemicals, computer equipment, medical and scientific equipment, and wood. More than half of U.S. agricultural exports became free when it came into force, with most of the remaining tariffs expiring over 15 years. Colombia has abolished tariffs on wheat, barley, soybeans, soy flour and flour, high quality beef, bacon, almost all fruits and vegetables, peanuts, whey, cotton and the vast majority of processed products. The TPA also provides duty-free access to certain quantities of standard beef, chicken-legged quarters, pork, corn, sorghum, feed, rice, soybean oil and dairy products through tariff quotas. Find out more here. On June 28, 2007, the United States and Colombia reached an agreement amending the U.S.-Colombia agreement to promote trade. These amendments were negotiated to reflect the multi-party trade agreement reached on May 10, 2007 in the U.S.
Congress. The Colombian Senate approved the amendments on 30 October 2007. On 18 November 2003, the USTR informed the US Congress of the government`s intention to open free trade negotiations with Bolivia, Colombia, Ecuador and Peru, all of which are beneficiaries of the Air Preferences Act (ATPA). Negotiations were scheduled to begin in the second quarter of 2004 and begin with Colombia and Peru. If you would like to find pricing information on certain products, please consult the “FTA Tariftool.” This search engine was designed to display rates and how they are eliminated as part of the TPA. It also contains mini-reports by sector or product, indicating how they are treated under the recently concluded TPPs.