U.S.-Colombia Trade Promotion Agreement

 

The U.S.-Colombia Trade Promotion Agreement will advance both the economic and foreign policy interests of the United States, to the immediate benefit of U.S. workers, farmers, consumers, and companies.  It will also extend a helping hand to our friends in Colombia, who are making remarkable progress in securing democracy, human rights, and economic growth.

 

Beginning in 1991, Congress approved legislation to allow 93% of all imports from Colombia to enter the U.S. market duty free.  By contrast, Colombia’s average duty on imports from the United States is 14% for manufactured goods and more than 50% for key agricultural exports such as corn and wheat.  In short, Colombians enjoy nearly free access to our market while our access to theirs remains limited.

 

This trade agreement will put U.S. trade relations with Colombia on a fairer, mutually beneficial footing by eliminating Colombia’s tariffs — most immediately.  For the sake of American workers and farmers, Congress should approve this agreement quickly.

 

 

Chamber President and CEO Tom Donohue on the
Colombia Trade Promotion Agreement

 

The Chamber recently began a series of 16 weekly advertisements in Congress Daily AM to promote passage of the Colombia TPA.