Trade Relations Between Colombia and the United States
Trade Relations Between Colombia and the United States

Author: Jeffrey J. Schott

Publisher: Peterson Institute

Published: 2006

Total Pages: 248

ISBN-13: 9780881323894

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This volume analyzes the economic effects of a prospective free trade agreement between the United States and Colombia. The study uses the Global Trade Analysis Project (GTAP) model of world trade and economic activity to analyze the expected trade and other economic impacts of the prospective FTA and to examine bilateral trade and investment flows, bilateral trade frictions, and implications of the prospective accords for the bilateral, regional, and global trade relations of the two countries.

Implications of Signing the FTA Between Colombia and the United States (Spanish).
Implications of Signing the FTA Between Colombia and the United States (Spanish).

Author: Olivier Guyottot

Publisher:

Published: 2009

Total Pages: 0

ISBN-13:

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At first sight, the Free Trade Agreement between Colombia and the United States of America seems nothing more than a classic commercial treaty involving a regional South American power and the largest economy in the world. In fact, the real extent of such an agreement goes far beyond economic interest for both countries. In an international context more and more unfriendly towards North American domination, Colombia remains a key political ally in this part of the world for the United States, and a strong support in its crusade against terrorism. On the other hand, the amount of money given by the United States remains vital to the financial and logistical cost of Colombia's war against drug 'cartels' and paramilitary organizations. But if the Colombian government clearly can't afford to lose such a support, it can't either let this Free Trade Agreement cast doubts over Colombia's involvement into the existing process of economic and political integration in South America.

Crs Report for Congress
Crs Report for Congress

Author: Congressional Research Service: The Libr

Publisher: BiblioGov

Published: 2013-11

Total Pages: 36

ISBN-13: 9781293256039

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The U.S.-Colombia Trade Promotion Agreement entered into force on May 15, 2012. It is a comprehensive free trade agreement (FTA) between the United States and Colombia, which will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. On October 3, 2011, President Barack Obama submitted draft legislation (H.R. 3078/S. 1641) to both houses of Congress to implement the agreement. On October 12, 2011, the House passed H.R. 3078 (262-167) and sent it to the Senate. The Senate passed the implementing legislation (66-33) on the same day. The agreement was signed by both countries almost five years earlier, on November 22, 2006. The Colombian Congress approved it in June 2007 and again in October 2007, after it was modified to include new provisions agreed to in the May 10, 2007 bipartisan understanding between congressional leadership and President George W. Bush. The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (1.0% in 2011), ranking 22nd among U.S. export markets and 23rd as a supplier of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the ...

The U.S.-Colombia Free Trade Agreement
The U.S.-Colombia Free Trade Agreement

Author: M. Angeles Villarreal

Publisher:

Published: 2011

Total Pages: 33

ISBN-13:

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The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (0.9% in 2010), ranking 20th among U.S. export markets and 25th as a source of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 1.9%).

Crs Report for Congress
Crs Report for Congress

Author: Congressional Research Service: The Libr

Publisher: BiblioGov

Published: 2013-11

Total Pages: 36

ISBN-13: 9781293256022

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The proposed U.S.-Colombia Trade Promotion Agreement, also called the U.S.-Colombia Free Trade Agreement (CFTA), was signed by the United States and Colombia on November 22, 2006. Congress must approve implementing legislation for the agreement to enter into force. The agreement would immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. An additional 7% of U.S. exports would receive duty-free treatment within five years of implementation, and most remaining tariffs would be eliminated within 10 years of implementation. The agreement also contains other provisions in services, investment, intellectual property rights protection, labor, and the environment. About 90% of U.S. imports from Colombia enter the United States duty-free under trade preference programs or through normal trade relations, while U.S. exports to Colombia face duties of up to 20%. The negotiations for the proposed CFTA were conducted under the trade promotion authority (TPA), also called fast-track trade authority, that Congress granted the President under the Bipartisan Trade Promotion Act of 2002 (P.L. 107-210). The authority allows the President to enter into trade agreements that receive expedited congressional consideration (no amendments and limited debate). Implementing legislation for the CFTA (H.R. 5724/S. 2830) was introduced in the 110th Congress ...