The Bilateral Economic Relations Launches the Free Trade Agreement
The Free Trade Agreement between Colombia and the United States seizes the day: May 15th is set to launch a new chapter of their bilateral economic relations.
American entrepreneurs in Miami, Atlanta, New York, Washington D.C., Boston, Chicago, Houston, Los Angeles, San Francisco, and Puerto Rico are invited to witness this special day where the Minister of Commerce, Industry, and Tourism, Sergio Diaz-Granados; Ambassador of Colombia to the US, Honorary Gabriel Silva; and Proexport Colombia will expand on trade opportunities opening to American buyers.
May 15th marks the starting point of new business opportunities for American Buyers interested in Colombian products in the agribusiness, manufacturing and textiles industries. The FTA will continue to promote Colombia’s investment and services which have strengthened in the past couple of years.
Colombia’s strategic geographical location between both American continents and two oceans triggers logistic advantages in transportation lead times and costs, which greatly benefits American investors and importers. For the US alone, there are 13 air cargo carriers, 1,574 cargo flights a week, and 296 ships with weekly routes to the United States.
Colombia’s steady supply of products and services will continue to strengthen economic ties with the US in different sectors allowing more than 3,000 products to enter the US with zero tariffs.
From chemicals to auto parts, toiletries, containers, packaging, and wooden furniture, the manufacturing industry will be benefited by the FTA allowing these products to enter the US with special tariffs. In the agribusiness industry, 77% of the fruits exported will be tariff-free; 90% of the vegetables exported, 88% of the processed vegetables, and 100% of all flower assortment types will also enter the country with 0% duty. Additionally, the textile industry will continue to be a US partner for textile and ready-to-wear products, as it has been since the 20th century. Its high quality products and technological and vertical integration with socially responsible designs will also benefit from zero tariffs.
As an investment destination, Colombia is considered a ‘jewel’ for its ranking in the world for foreign direct investment growth. Offering investment opportunities in BPO, software and IT services, free trade zones, biofuels, oil goods and services, private equity funds, automotive and autoparts, among others, Colombia ranks first in Latin America as the country that most protects foreign investors.
On May 15th, Proexport Colombia will gather top American entrepreneurs to celebrate the launch of the FTA promoting the bilateral trade opportunities that this new chapter of economic relations opens to both nations as well as to American buyers and Colombian exporters and their respective markets.
About Proexport Colombia
Proexport Colombia is the Government Trade Bureau in charge of promoting direct foreign investment, international tourism, and non-traditional exports.
This event is free to attend, but registration is required. To RSVP, please send an email to email@example.com or call 212-922-9114. (Event location : Japan Society, Auditorium, 333 East 47th Street, New York)