US Free Trade Agreements -
Free Trade Agreements of the Andean Community
Course summary United States
- The Andean Trade Promotion and Drug Eradication Act (ATPDEA)
The Andean Trade Preference Act (ATPA) was enacted in 1991, to help
four Andean countries (Bolivia, Colombia, Ecuador and Peru) in their fight
against drug production and trafficking by expanding their economic
alternatives.
The Andean Trade Promotion and Drug Eradication Act (ATPDEA), enacted on
August 6, 2002, renewed and amended the ATPA to provide duty-free treatment for
certain products previously excluded under the ATPA. The benefits are subject to
the countries meeting the program's eligibility criteria.
U.S. trade with the ATPA/ATPDEA countries fell substantially in 2009,
following rapid growth in 2008. Two-way trade decreased 21 percent in 2009,
following a 37 percent increase in 2008.
U.S. imports from ATPA countries fell 26 percent to $21.2 billion in 2009
compared with 2008, and U.S. exports fell 14 percent to $17.1 billion, resulting
in a trade deficit of $4.0 billion. Over the past five years, U.S. imports from
the region increased 37 percent and U.S. exports grew 123 percent.
Colombia was the leading source of U.S. imports under the ATPA/ATPDEA in
2009, having surpassed Ecuador in 2008. Colombia supplied 58 percent of U.S.
imports under ATPA/ATPDEA in 2009; Ecuador, 28 percent; and Peru, 14 percent.
Colombia was the largest market for U.S. exports at $8.8 billion,
representing 51 percent of U.S. exports to ATPA/ATPDEA countries in 2009. Peru
ranked second as a destination for U.S. exports, with $4.4 billion in U.S. goods
(26 percent); Ecuador was third, with $3.6 billion (21 percent); and Bolivia was
fourth, with $378 million (2 percent). U.S. exports to Colombia and Peru fell 17
percent and 23 percent, respectively, in 2009, but exports to Ecuador and
Bolivia rose 14 percent and 5 percent, respectively.
Example of the course The Andean Trade Promotion and Drug
Eradication Act (ATPDEA):
Master in International Business for US Students
Educational level: Continuing education / Executive education programs.
Source: The Office of the U.S. Trade Representative (USTR)
International Business
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