What Is One Result Of The Us-Colombia Free Trade Agreement

Colombia accounts for a very small percentage of total U.S. trade (about 1% in 2017). In 2017, Colombia ranked 22nd among U.S. export markets and 27th among foreign exporters to the United States. U.S. goods exports to Colombia were $13.3 billion in 2017, while U.S. imports were $13.4 billion. As shown in Table 3, the top category of U.S. imports from Colombia in 2017 was crude oil and gas (43.1% of total imports from Colombia), followed by gold, coffee, non-crude petroleum products, and fresh fruit and vegetable flowers. The main categories of U.S. exports to Colombia were non-crude petroleum products (15.9% of total exports to Colombia), corn, telephones, automatic data-processing machines, and halogenated hydrocarbon derivatives.

More than 80 percent of U.S. exports of consumer and industrial products to Colombia become immediately duty-free, with the remaining tariffs expiring for 10 years. With average tariffs on U.S. industrial exports of 7.4 to 14.6 percent, this will significantly boost U.S. exports. Trade in services with Colombia totalled $9.2 billion in 2016 (latest data available). U.S. services exports to Colombia totaled $6.2 billion and services imports were $3.0 billion. The U.S.

services trade surplus with Colombia was $3.2 billion in 2016. As shown in Table 4, the top category of U.S. services imports from Colombia in 2016 was travel (39% of total services imports from Colombia), followed by air travel, various business services, and telecommunications, computer and information services. The main categories of U.S. services exports to Colombia were travel (42% of total exports to Colombia), air and marine transportation, telecommunications, computer and information services, and intellectual property user fees. The White House, Office of the Press Secretary, „Leveling the Playing Field: Labor Protections and the U.S.-Colombia Trade Promotion Agreement,” April 6, 2011, available from obamawhitehouse.archives.gov/sites/default/files/09302011_labor_protections_and_the_colombia_trade_agreement.pdf. Many members of Congress have opposed the free trade agreement with Colombia because they are concerned about violence in Colombia against trade union members and other human rights defenders. Policymakers opposed to the deal were generally concerned about impunity in Colombia, the lack of investigations and prosecutions, and the role of paramilitaries. The Obama administration also expressed concern about the scale of violence in Colombia and negotiated the „Labor Rights Action Plan” that was discussed later in this report. .

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