NEBRASKA

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, Nebraska 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 $13 MILLION IN 2010, COLOMBIA IS NEBRASKAS 37TH LARGEST EXPORT MARKET

Total Nebraska Exports to Colombia

(millions of dollars)

Source: U.S. Department of Commerce

Upon implementation of the CTPA, more than 34 percent of Nebraskas exports to C olombia will be duty free. This tariff elimination gives Nebraska exporters a cost advantage of up to $344,000 over s imilar products exported by competitors who do not have an FTA with Colombia. While Nebraska exporters typically face tariffs of 10-15 percent, 94 percent of Colombias exports to the United States in 2010 entered duty free. CTPA would level the playing field for Nebraska exporters.

Estimated Increases in U.S. Exports in Sectors Important to Nebraska Misc. Manufactures Beef Processed F oods Chemicals Corn Machinery 60.1% 46.2 36.2 22.6 21.0 14.9

Source: U.S. International Trade Commission

crane parts to Colombia that face tariffs of 5 p ercent. Baldwin Filters, Kearney, exports parts for filters to Colombia that face tariffs of 10-15 p ercent. Greystone Inc., Columbus, exports construction equipment parts to Colombia that face tariffs of 5 percent.
Contact: David Thomas, Director, Public Policy, Business Roundtable 202.496.3262, dthomas@brt.org

Value of Exports Potential Product to Colombia (2010) Duty Savings Veterinary vaccines $1,706,059 $85,303 Insecticides 539,262 53,926 Antisera products 384,105 19,205 Mineral sorting machinery 302,576 up to 45,386 Agricultural sprayers 179,835 17,984 Mechanical shovel loaders 155,000 15,500 146,000 14,600 Bulldozers & angledozers Axles for rail vehicles 99,570 4,979 Electric vehicles 84,500 12,675 Surgical instruments 73,184 up to 7,318 COMPANIES WHOSE EXPORTS BECOME DUTY FREE IMMEDIATELY UPON IMPLEMENTATION OF CTPA Conductix, Omaha, exports bridge Conagra F oods, Omaha, exports

10 NEBRASKA EXPORTS THAT CTPA WILL MAKE DUTY FREE IMMEDIATELY

cocoa preparations to Colombia that face tariffs of 20 p ercent.

Ritchie Brothers, Lincoln, exports mechanical shovel loaders to Colombia that face tariffs of 10 percent.