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December 20, 2013

AUSTR for Environment and Natural Resources Jennifer Prescott Participates in Inaugural Environment Meetings with Colombian Government

 

April 15, 2012
Exchange of Letters related to Constitutional Court Review of Certain IPR Treaties



April 15, 2012
Exchange of Letters related to Control Measures on Avian Influenza



April 15, 2012
Exchange of Letters related to Control Measures on Salmonella in Poultry and Poultry Products



April 15, 2012
Exchange of Letters related to Phytosanitary Measures for Paddy Rice

 

October 21, 2011:
Statement By U.S. Trade Representative Ron Kirk On Presidential Signature Of Trade Legislation

 

October 13, 2011
Statements Regarding the Congressional Approval of the Korea, Colombia, and Panama Trade Agreements

 

From Enactment To Entry Into Force: Next Steps On The Trade Agreements

 

October 12, 2011:
Statement By U.S. Trade Representative Ron Kirk On Congressional Passage Of Trade Agreements, Trade Adjustment Assistance And Key Preference Programs

 

October 3, 2011
U.S Trade Representative Ron Kirk Calls for Swift Passage of Trade Agreements

 

  • The United States – Colombia Trade Promotion Agreement: Implementing Legislation and Supporting Documentation

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  • Statements Regarding the President’s Submission to Congress of the South Korea, Colombia, and Panama Trade Agreements

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  • The Pending Trade Agreements: More American Jobs, Faster Economic Recovery Through Exports

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    June 13, 2011
    Colombia Meets June 15th Milestones Under Action Plan on Labor Rights

     

    April 7, 2011
    Release of the Colombian Action Plan Related to Labor Rights

     

    April 6, 2011
    U.S.-Colombia Trade Agreement and Action Plan FACT SHEET: Trade & the U.S.-Colombia Partnership

    Important U.S.-Colombia Links


    Port of MiamiBenefits for Your Industry: USTR Fact Sheets

    Colombia’s economy is the third largest in Central and South America. This comprehensive trade agreement will eliminate tariffs and other barriers to U.S. exports, promote economic growth, and expand trade between our two countries. U.S. goods exports to Colombia in 2010 were $12.0 billion. Visit USTR's Fact Sheet page to find out how the agreement will specifically benefit your sector.

     

     

     

    Tractor in a fieldBenefits for Your Farm: Agriculture Fact Sheets

    Colombia is an important market for America’s farmers and ranchers. In 2010, the United States exported $832 million of agricultural products to Colombia, the second highest export total in South America. Top U.S. exports include wheat, corn, cotton, soybeans, and corn gluten feed. Visit the Department of Agriculture's website to find out how the agreement will benefit your sector.

     

    Manufacturing PlantBenefits for Your Sector: Industry Fact Sheets: Benefits for Your Sector

    Over 80 percent of U.S. exports of consumer and industrial products to Colombia will become duty free immediately, with remaining tariffs phased out over 10 years. With average tariffs on U.S. industrial exports ranging from 7.4 to 14.6 percent, this will substantially increase U.S. exports. Visit the Department of Commerce's website to find out how the agreement will benefit your sector.  

     

    AgreementFull Text of the Agreement

    Read the full text of the U.S.-Colombia trade agreement, which is an integral part of the President’s efforts to increase opportunities for U.S. businesses, farmers and workers through improved access for their products and services in foreign markets, and supports the President’s National Export Initiative goal of doubling of U.S. exports in 5 years. The full text of the U.S.-Colombia trade agreement is also available in Spanish.

     

    Reports

    Advisory Committee Reports

    The advisory committee system, established by the U.S. Congress in 1974, was created to ensure that U.S. trade policy and trade negotiating objectives adequately reflect U.S. public and private sector interests. Read reports from the advisory committees regarding the U.S.-Colombia trade agreement.

     

    ITC SealInternational Trade Commission Report

    Section 2104(f)(2) of the Trade Act requires that the International Trade Commission (ITC) prepare a report assessing the likely effects of the U.S.-Colombia TPA on the U.S. economy as a whole and on specific industry sectors, and section 2104(f)(3) requires that the Commission, in preparing its assessment, review available economic assessments regarding the agreement. Read the full ITC report.

    Support for the U.S.-Colombia Trade Agreement

    Statements of support for the U.S.-Colombia Trade Agreement from various elected officials, the business community, and advocacy groups can be found below.

     

    Visit Your Government Trade Partners

    Visit USTR's partners across the federal government to learn more about their part in the trade agreement.

    Department of Agriculture Seal     Department of Agriculture

    Commerce Seal     Commerce Department

    Labor Department Seal     Department of Labor

    OMB Seal     Office of Management and Budget

    Export Import Bank Seal      Export-Import Bank

    SBA Seal      Small Business Administration

    OPIC Seal      Overseas Private Investment Corp.

    USTDA Seal      Trade and Development Agency

    State Department Seal      State Department

    Investment in the U.S.-Colombia Trade Promotion Agreement

    Trade Agreement Home  •  Key Facts  •  Labor Action Plan  •  Your Community

    InvestmentForeign investment delivers significant economic benefits to U.S. companies and American workers. When U.S. companies can more easily expand to and invest in foreign markets, that access can boost employment, increase wages, promote exports, and enhance innovation here at home by increasing demand for their products and services overseas.

    The U.S.-Colombia Trade Promotion Agreement increases investment opportunities for U.S. companies in Colombia by providing them market access, strong investor protections, and a way for investors to enforce their rights. The Agreement does not provide Colombian investors in the United States any more investment protections than U.S. law gives American investors here, and it ensures that the U.S. Government and our state and local governments can continue to regulate in the public interest, including to protect public health, public safety, and the environment.

    The Agreement’s investment rules establish a stable framework for U.S. companies investing in Colombia, level the playing field, and require U.S. investors to be treated in accordance with the rule of law. The investment rules preserve a level playing field for U.S. investors here at home, and ensure the government’s ability to look out for the public interest where Colombian investment is concerned.

    KEY ELEMENTS

    • The Agreement’s investment rules are largely drawn from U.S. law, and increase protections for U.S. investors in Colombia to the standards that they – and Colombian investors – already enjoy in the United States. These include requirements that the Colombian government will treat U.S. investors just as well as domestic investors or any other foreign investor. The Colombian government cannot illegally seize U.S. investors’ property or illegally destroy the value of their investments without paying full compensation, and the Colombian government will allow U.S. investors to move their money into or out of Colombia. U.S. investors cannot be forced to transfer technology to Colombia as a condition for investing there, nor be required to hire local managers.

    • The Agreement provides U.S. investors with locked-in and, in some cases, improved market access in key sectors in Colombia. These include, for example, delivery services, construction, energy, and telecommunications – where, for instance, American companies will be allowed to own 100 percent of a Colombian subsidiary.

    • If a U.S. investor believes that the Colombian government has breached key investment rules of the Agreement – for instance, a prohibition against discriminatory treatment of a U.S. investor – then that investor is guaranteed recourse to neutral, transparent, and binding international arbitration.

    • In the Trade Act of 2002, Congress mandated that trade agreements should not give foreign investors in the United States any greater investment protections than American investors already receive – and all of the protections offered to Colombian investors in this Agreement reflect U.S. law protections that are already available to all investors, both foreign and domestic, in the United States.

    • Nothing in the Agreement’s investment rules prevents the federal government or a state or local government from adopting or maintaining laws or regulations to protect public health, public safety, the environment, or other public interests.

    • While Colombian investors will have recourse if they believe the United States has violated their rights, the rules of the Agreement contain safeguards to deter and penalize frivolous suits. They require that all arbitration proceedings be open to the public and allow the public to weigh in with the arbitration panel. Both countries can review how the Agreement should be applied if there are concerns about how a panel may rule.