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Colombia FTA Runs Since Today
Posted On 15 May 2012
TLC Between Colombia and USA Becomes a Reality
After the agreement between the U.S. and Colombian Presidents in the last Summit of the Americas, the FTA enters into validity at last.
With shipments of flowers and textiles, Colombia opened a new Business era today with USA, with an agreement that will allow to export around 6,000 duty-free products.
Colombia became the second andean country after Peru that will not need to use the Andean Trade Promotion and Drug Eradication Act (ATPDEA) for their products to obtain tariff exemptions.
Exempt products
–Clothing: the tariffs of home clothing will be eliminated.
–Flowers: they will enter exempt from tariffs.
–Ceramics: they will have a better access to the American market of ceramic products.
–Footwear: Colombia managed to include some types of footwear made from synthetic materials that had been excluded from the ATPDEA.
–Meat: there is a preferential quota of 5,000 t to export of industrial meat and negotiated the immediate tariff elimination for fine meats.
–Cars: imported 4×4 vehicles over 3,000 cubic cm will have an immediate tariff elimination, once the FTA takes effect. (ARL)
