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U.S. Trade with Colombia :

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U.S. merchandise exports to Colombia in 2007 were $8.5 billion. Colombia is our 26th largest export market ... Why a Colombia Trade Agreement? ... – PowerPoint PPT presentation

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Title: U.S. Trade with Colombia :


1
U.S. Trade with Colombia
  • Benefits and Outlook

Julie Anglin U.S. Department of Commerce Februar
y 29, 2008
2
Discussion Topics
  • Why Colombia? Why a Trade Agreement?
  • Current and Projected Trade
  • Best Prospects
  • Timeline for the Trade Agreement
  • Resources How can Commerce help you succeed with
    Free Trade Agreements?

3
Colombia at a Glance
  • 3rd largest population in Latin America
  • 440,831 square miles
  • Strategic geographical location
  • Religion Roman Catholic 95
  • L anguage Spanish (official)
  • L iteracy Rate 94
  • System of Government Presidential

4
Past vs. Present
1990s
Today
  • Sustained investment in human resources and IT
  • Improved Corporate Governance
  • Standards
  • Social responsibility
  • Improved Security
  • L ow investment rates
  • Informal business management practices
  • Security concerns

5
COLOMBIA AS AN FTA PARTNER
  • 45 million people
  • Committed to open markets and rule of law despite
    a complicated internal conflict
  • Latin Americas oldest and most stable democracy
  • Largest Buyer in South America of U.S.
    Agricultural and Livestock Products (1.2 billion
    in 2007)
  • Strong strategic ally terrorism, drugs
  • Over 5 billion in U.S. foreign aid since 2000

6
Doing Business in Colombia 2008
  • The United States has 25 of the Colombian import
    market, down from 33 in 2000
  • U.S. products enjoy a high degree of acceptance
  • U.S. merchandise exports to Colombia in 2007 were
    8.5 billion
  • Colombia is our 26th largest export market
  • Key U.S. exports include industrial machinery,
    chemicals, wheat, corn, electrical machinery

7
Dramatic Improvement in Security
  • Homicides down 40
  • Kidnappings down 76
  • Terrorist attacks down 61

Terrorist Attacks
8
Colombias Path to Prosperity
Unemployment
Poverty
Poverty down almost 20 since 2002
Unemployment at lowest level in a decade
Percent Growth of GDP
Percent Growth GDP Per Capita
GDP per capita rebounding strongly
Record economic growth
9
Colombia Best Prospects
  • Safety and Security Equipment
  • Food Processing and Packaging Equipment
  • Processed foods
  • Cotton/ yarns
  • corn/soy/ oilseeds/ wheat

10
Colombia Best Prospects
  • Oil and Gas Equipment
  • General Equipment
  • Telecommunications
  • Financial Services

11
Colombia Best Prospects Services
  • IT
  • Construction and Engineering
  • Distribution
  • Entertainment
  • Energy
  • Consulting
  • H ealthcare

12
Why a Colombia Trade Agreement?
  • Improve your competitiveness in a fast-growing
    market, provide clear rules for doing business
  • Make free trade a two-way street
  • Promote economic development, reduce poverty in
    our own neighborhood
  • Strengthen our national security
  • Bolster our friendship with a like-minded country
    committed to democracy, rule of law, open markets

13
Highlights Colombia TPA
  • Immediate zero-tariff treatment for over 80 of
    U.S. exports of consumer and industrial products
  • Improved market access for key U.S. farm
    products pork, beef, corn, poultry, rice, fruits
    and vegetables, processed products, and dairy
    products
  • Colombia will join the WTO Information Technology
    Agreement (ITA)

14
U.S.-Colombia Trade Promotion Agreement
  • Equal access to
  • Colombian market
  • Strengthens protections for U.S. patents,
    trademarks, and trade secrets

Photo Minister Plata and Susan Schwab
15
U.S. -Colombia Trade Promotion Agreement
  • Provides benefits to SME ex porters
  • Streamlines customs
  • Addresses standards issues
  • Provides for dispute settlement
  • Enhances business climate
  • Improves security

Photo Port of Cartagena
16
West V irginias Exports to Colombia
17
Colombias Tariffs on Leading U.S. Goods
  •  
  • Information Technology Equipment 8.2
  • Chemicals 7.8
  • Metals and Ores 9.2
  • Infrastructure and Machinery 11.1
  • Transportation Equipment 12.7
  • Autos and Auto parts 7.4
  • Building Products 13.2
  • Paper and Paper Products 12.5
  • Consumer Goods 14.6

18
The Case for Colombia
  • Giving American Products a Fair Shake

19
The Case for Colombia
But this bottle of Pepsi, made in the USA, pays a
stiff 20 tax when sold in Colombia.
Colombian Coffee comes into the United States
duty free…
20
The Case for Colombia
But this box of U.S.-made fertilizer, which helps
those flowers grow, is charged up to 15 when
exported to
Colombia.
These beautiful Colombian flowers a major
Colombian export come into our market and pay
zero tariffs…

21
The Case for Colombia
These baby carrots come into the United States
and onto your dinner table without paying any
U.S. tariffs.

But this tractor, made by Caterpillar in East Peo
ria, Illinois, faces a 10 percent duty when sold
to a Colombian carrot farmer.
22
The Case for Colombia
This Pennsylvania apple pays a 15 percent tariff
when sold in Colombia…

Meanwhile, this Colombian banana enters the
United
States duty-free. 
23
Awaiting Congressional Approval
  • U.S. Congressional V ote Spring 2008
  • Colombia expected to be difficult vote
  • Implementation phase of 6-12 months follows
    Congressional approval
  • Share your views!

24
Market Access and Compliance
  • Ensuring our trading partners live up to their
    commitments.
  • Helping U.S. companies who encounter trade
    barriers.

25
What Kind of Barriers do U.S. Companies Face?
  • Tariff and customs barriers
  • Rules of origin, certificates of origin
  • Import licensing
  • Standards, testing, labeling or certification
  • Lack of Intellectual Property Rights protection
  • Government procurement contracts

26
Useful Links
  • More Background on Trade Agreements
  • http//www.tradeagreements.gov
  • Market Access or Compliance problems
  • http//trade.gov/mac/
  • Intellectual Property Protection
  • http//stopfakes.gov
  • United States Trade Representative
  • http//www.ustr.gov

27
Contact Information
  • GENERAL EXPORTING QUESTIONS
  • Trade Information Center
  • Phone 1-800-USA-TRADE
  • JULIE ANGLIN
  • Phone 202-482-0428
  • E-Mail Julie.Anglin_at_mail.doc.gov
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