Expand the foreign trade between the U.S. and Colombia and;
Promote the economic growth.
The U.S.-Colombia Free Trade Agreement will remove the important external
barriers to trade to the U.S. export products from entering into the Colombian market.
80% of the U.S. exports of consumer and industrial products to Colombia will become duty-free instantly (remaining tariffs eliminated over ten years);
Tariff reductions in the U.S.-Colombia Free Trade Agreement is estimated that will
expand the exports of the U.S. products alone by 1.1 billion dollars (source: International Trade Commission);
The Commission also
projected that the U.S.-Colombia Free Trade Agreement would increase the U.S. gross domestic product by 2.5 billion dollars;
The U.S.-Colombia Free Trade Agreement will provide important new access to services market of Colombia (166 billion dollars).
International Trade United States-Colombia.
The Republic of Colombia is the third largest market for the U.S. exports in Latin America (Iberian America);
The U.S. exported products to Colombia: 12 billion dollars;
Colombia is a large grain importer from the U.S.;
Colombia exports tropical fruits to the U.S. Market.
The Free Trade Agreement between Colombia and the U.S. operates in the Latin American and the North American economic area of the Western Civilization.
(c) EENI Global Business School (1995-2023)
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