Trade Fact of the Day
U.S. goods exports to Colombia year-to-date through May 2008 amount to 4.8 billion, up 50.0 percent from the same period of 2007.
About Trade
"Free and fair trade helps secure a future of freedom and promise."
President George W. Bush
World Trade Week Proclomation
May 16, 2008
Facts Of The Day
March 25, 2008
The U.S.-Colombia Trade Promotion Agreement (TPA) offers tremendous opportunities for Alaska’s exporters. The state's largest manufactured export category is primary metal manufactures, which accounted for $135 million of Alaska's total merchandise exports in 2007. U.S. exports of these products currently face Colombian tariffs averaging 9.2 percent, with some as high as 20 percent. Upon entry into force of the agreement, all U.S. exports of primary metal manufactures will be duty-free in the Colombian market within five to 10 years. Leading opportunities for U.S. exporters in this sector include iron and steel tubing, aluminum plates, hot-rolled iron, and drill pipe.
Source: U.S. Department of Commerce
