January 31, 2008

Agricultural equipment accounted for less than one percent of total U.S industrial exports to Korea in 2006, totaling nearly $43 million. The top U.S. exports in this sector included tractors, lawn mowers, and straw balers. Korean tariffs range between zero and eight percent. One hundred percent of U.S. agricultural equipment exports will receive duty-free treatment immediately upon implementation of the Agreement, including high-trade U.S. products such as tractors, mowers, and balers.

Source: Prepared by the International Trade Administration

January 30, 2008

In 2006, the United States exported $6.7 billion in goods to Colombia, an increase of nearly 24 percent from 2005. Nine percent of those exports came from Louisiana ($630 million), which increased 16 percent from 2005. A total of 2,292 companies exported goods from Louisiana locations in 2005. Of those, 1,936 (84 percent) were small and medium-sized enterprises (SMEs), with fewer than 500 employees.

Source: Prepared by the International Trade Administration

January 29, 2008

Colombia will eliminate its prohibition on the importation of remanufactured goods upon entry into force of the U.S.-Colombia Trade Promotion Agreement. Colombia will eliminate tariffs on most remanufactured construction equipment immediately and will phase out tariffs on a small number of remanufactured goods over 10 years. Sectors that stand to benefit the most from this provision include construction and agriculture equipment, auto parts, electrical equipment, infrastructure and machinery, and medical and scientific equipment.

Source: Prepared by the International Trade Administration

January 28, 2008

Construction equipment accounted for 10 percent of total U.S industrial exports to Colombia in 2006, totaling over $492 million. The top U.S. exports in this sector included boring and sinking machinery and parts, dumpers, lifting machinery, bulldozers, and mechanical shovels. Colombian tariffs range between five and 15 percent, with an average of 12 percent in 2006. For construction equipment, 88 percent of U.S. industrial exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration

January 25, 2008

Electrical and electronic equipment accounted for 2.4 percent of total U.S. industrial exports to Colombia in 2006, totaling $117.7 million. The top U.S. exports in this sector were insulated coaxial cable, generating sets, audio players, and radio receivers. Colombian tariffs range between five and 20 percent with an average of 11 percent in 2006. For electrical and electronic equipment, 68 percent of U.S. industrial exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration