Ustr Colombia Free Trade Agreement

On 18 November 2003, USTR Zoellick formally informed Congress of the government`s intention to begin negotiations on free trade agreements with Colombia, Peru, Ecuador and Bolivia. A press release attached to the communication stated that the government was planning negotiations for the second quarter of 2004, first with Colombia and Peru, and that the United States would cooperate with Ecuador and Bolivia “to include them in the agreement.” (5) 3. (return) Letter on the Inside U.S. Trade website, 24. (return) For more information on the provisions of the U.S.-Peru Trade Promotion Agreement, see the U.S. Trade Agreement RS 22391, A.-U.S.-Peru Trade Agreement, March 2, 2006. For more information on the provisions of the Colombia-U.S. Free Trade Agreement, see USTR, Free Trade with Colombia: Summary of the Agreement, February 27, 2006. For more information, visit the USTR website U.S. agricultural exports benefiting from the agreement include beef and pork products, wheat, corn, soybeans and cotton. [6] The agreement would provide immediate duty-free access to export categories that are most important to the U.S.

beef industry, such as the USDA Prime and beef choice reductions. [6] All other tariffs on beef would be abolished and the final duties abolished within 15 years. [6] Colombian tariffs on pork products between 20 and 30% would expire at zero within 5 to 15 years. [6] The U.S. International Trade Commission estimates that the fully implemented agreement would increase U.S. beef exports to Colombia by 46 percent and pork exports by 72 percent. [6] Colombian tariffs of 5 to 20 per cent on wheat and soybeans would be immediately abolished; with a 25% corn tariff that must be sold on 12-year-old maize. [6] The agreement would immediately remove the 10% tax on U.S.

cotton after adoption[6] After ATPA`s month-long expiry, ATPDEA was adopted on August 6, 2002; Title XXXI of P.L. 107-210). ATPDEA re-approved the ATPA preferential programme and extended trade preferences to additional products excluded from ATPA. Additional ATPDEA products included oil and petroleum products, some shoes, tuna in flexible containers, and some watches and leather goods. ATPDEA also authorized the President to process U.S. imports of certain clothing items duty-free if the items complied with national content rules. The duty-free benefits under the ATPDEA end on December 31, 2006, after the renegotiation of parts of the agreement, it was passed by the House of Representatives 262-167 and the Senate 66-33. A trade Adjustment Assistance (TAA) program was also included in the bill. [13] [14] The thirteenth round of negotiations in Washington was supposed to be the last, but negotiators were unable to conclude discussions on intellectual property rights and agriculture disputes. Colombian and Ecuadorian negotiators said they withdrew because they could not accept U.S.

demands to strengthen patent protection and remove agricultural barriers, while Peruvian negotiators appeared more flexible. Peruvian negotiators have decided to continue talks with the United States without the other countries. The two countries reached an agreement in the first week of December 2005. (13) The Andean United States Negotiations on the Free Trade Agreement began in May 2004, when the United States, Colombia, Peru and Ecuador participated in the first round of negotiations. Bolivia participated as an observer. However, the negotiators did not reach an agreement after thirteen roundtables. Following the latest discussions, Peru decided to continue negotiations without Colombia or Ecuador and concluded a bilateral agreement with the United States in December 2005. Subsequently, Colombia continued negotiations with the

This entry was posted in Uncategorized. Bookmark the permalink.