U.S.-Colombia Trade Promotion Agreement
Summary of Major Provisions
The following summarizes the major provisions of the U.S.-Colombia Trade Promotion Agreement, as signed on November 22, 2006, by Deputy U.S. Trade Representative John Veroneau and Colombian Minister of Trade, Industry, and Tourism Jorge Humberto Botero. Market Access for U.S.Consumer and Industrial Products.Over 80 percent of U.S. exports of consumer and industrial products to Colombiawill become duty-free immediately, with remaining tariffs phased out over 10years. Key U.S. exports will gain immediate duty-free access to Colombia.Colombia agreed to allow trade in remanufactured goods and will join the WorldTrade Organization Information Technology Agreement. New Opportunities forU.S. Farmers and Ranchers. U.S….
