On 18 November 2003, the USTR informed the US Congress of the government`s intention to open free trade negotiations with Bolivia, Colombia, Ecuador and Peru, all beneficiaries of the Air Preferences Act (ATPA). Negotiations were scheduled to begin in the second quarter of 2004 and begin with Colombia and Peru. Why Colombia? Colombia is already a strong trading partner of the United States and has the potential to be an even more important place for business. Trade with Colombia offers increased economic opportunities for American producers, workers and farmers. Colombia is a growing market for U.S. exporters and a good economic and political partner for the United States. In addition, our trade agreement with Colombia supports other U.S. trade and policy objectives in Latin America. (Note: This html version of the chords was created by SICE. You`ll find a PDF version here) President Obama is committed to putting in place an ambitious trade agenda that will contribute to the growth of our economy and the creation of quality jobs for American workers by opening new markets. To achieve this goal, we strive to create a level playing field that creates economic opportunities for U.S.
workers, businesses, farmers and ranchers, and ensures that our trading partners have acceptable working conditions and respect fundamental labour rights. As part of this broader trade agenda, the Obama administration has worked closely with the Colombian government to address serious and immediate work issues. The result is an agreed “labour rights action plan” that will lead to a significant improvement in labour rights in Colombia. Colombia, which then joined Peru and Ecuador and in which Bolivia participated as an observer, began free trade negotiations with the United States on 18 May 2004. After thirteen rounds of negotiations, Colombia and the United States concluded their free trade agreement on 27 February 2006. On August 24, 2006, a Memorandum of Understanding was sent to Congress to conclude a free trade agreement. The Colombia-U.S. trade agreement was signed on November 22, 2006. In Colombia, the agreements were approved by Congress on 14 June 2007. If you would like to find pricing information on certain products, please consult the “FTA Tariftool.” This search engine was designed to display rates and how they are eliminated as part of the TPA. It also contains mini-reports by sector or product, indicating how they are treated under the recently concluded TPPs.
This tool also creates information on trade and customs profiles on all U.S. TPPs. The United States-Colombia Trade Trade Promotion Agreement (CTPA) (CTPA) is a bilateral free trade agreement between the United States and Colombia.