January 24, 2008

Automotive products accounted for 3.5 percent of U.S. exports to Colombia in 2006, totaling approximately $172 million. The top U.S. exports to Colombia in this sector were passenger and transport vehicles, chassis, and engines. Colombian tariffs range between 5 and 35 percent with an average of 15.8 percent in 2006. For automotive products, 53 percent of U.S. industrial exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement. Tariffs on another 23 percent of automotive exports will be eliminated over five years.

Source: Prepared by the International Trade Administration