GEORGIA

AND COLOMBIA A GROWING PARTNERSHIP

A U.S.-Colombia Trade Promotion Agreement (CTPA) has the potential to increase both trade and investment between the United States in Colombia, improving on an already strong relationship. In particular, Georgia stands to gain from increased business ties, as the CTPA will create jobs at home through increased export market access for both goods and services, reduced prices for manufacturers, and an improved investment environment. AT $269 MILLION IN 2010, COLOMBIA IS GEORGIAS 24TH LARGEST EXPORT MARKET

Total Georgia Exports to Colombia

(millions of dollars)

Source: U.S. Department of Commerce

Upon implementation of the CTPA, more than 57 percent of Georgias exports to C olombia will be duty-free. This tariff elimination gives Georgia exporters a cost advantage of up to $16.4 m illion over s imilar products exported by competitors who do not have an FTA with Colombia. While Georgia exporters typically face tariffs of 10-15 percent, 94 percent of Colombias exports to the United States in 2010 entered duty free. C TPA would level the playing field for Georgia exporters.

Estimated Increases in U.S. Exports in Sectors Important to Georgia Poultry Products Processed F oods Paper Products Chemicals Transportation Equipment Cotton 72.3% 36.2 27.9 22.6 16.1 10.5

Source: U.S. International Trade Commission

 Value of Exports Potential Product to Colombia (2010) Duty Savings Chemical woodpulp $26,046,561 $2,604,656 Data processing machinery 19,570,141 1,957,014 Surgical instruments 10,853,464 up to 1,085,346 Veterinary vaccines 7,259,084 362,954 Mechanical excavator shovels 6,649,380 664,938 Washing machines 6,577,157 986,574 5,236,424 523,642 Electrical signaling parts Video cameras 4,951,485 up to 742,723 4,202,302 840,460 Cocoa preparations Contact lenses 4,080,788 408,079 COMPANIES WHOSE EXPORTS BECOME DUTY FREE IMMEDIATELY UPON IMPLEMENTATION OF CTPA Galewrap, Douglasville, Advantis Technologies, Alpharetta, Fibervisions, Athens, exports exports plastic films to exports chemical products to non-woven threads and wadding Colombia that face tariffs Colombia that face tariffs of 5-10 to Colombia that face tariffs of 15 of 20 p ercent. percent. percent. SNF Inc., Riceboro, exports esters of methacrylic acid to Colombia that face tariffs of 5 p ercent. Kamin LLC, Macon, exports kaolin and other clays to Colombia that face tariffs of 5 percent. Thrush Aircraft, Albany, has exported a ircraft parts to Colombia that face tariffs of 5 percent. Dupont, Valdosta, has Rayonier Performance Fibers, exported polyvinyl plastics to Jesup, exports woodpulp to Colombia that face tariffs of 5- Colombia that faces tariffs of 15 p ercent.
10 p ercent.
Contact: David Thomas, Director, Public Policy, Business Roundtable 202.496.3262, dthomas@brt.org

10 GEORGIA EXPORTS THAT CTPA WILL MAKE DUTY FREE IMMEDIATELY