Presentation is loading. Please wait.

Presentation is loading. Please wait.

Colombia is Diversity: People, Products and Opportunities.

Similar presentations


Presentation on theme: "Colombia is Diversity: People, Products and Opportunities."— Presentation transcript:

1 Colombia is Diversity: People, Products and Opportunities

2 U.S. Department of Commerce International Trade Administration Why Colombia? An Economic Miracle Logistics platform Well managed foreign debt Frequent travel to U.S. U.S. products preferred Growing population Photo: New El Dorado Airport

3 U.S. Department of Commerce International Trade Administration Market Trends: Major Projects TransMilenio – Bogotá Two Refinery Modernization projects Ports – Cartagena, Salgar, Buenaventura Infrastructure – Roads, El Dorado Airport Colombia will invest $197 million in its clogged air infrastructure

4 U.S.-Colombia FTA Market Trends: U.S.-Colombia FTA Liberalization of products in key sectors such as: – Construction Equipment/Building Products – Aircrafts and parts – Fertilizers – Agrochemicals – Wood – IT – Medical and scientific equipment Improved access to financial services U.S. Department of Commerce International Trade Administration

5 U.S.-Colombia FTA Market Trends: U.S.-Colombia FTA 90% of Colombian products enter the U.S. market duty- free, while U.S. merchandise entering Colombia face tariffs averaging nearly 9%. FTA will eliminate tariffs for over 80% of U.S. exports of consumer and industrial products (excluding petroleum) immediately upon implementation and 87% within 5 yrs. The impact of eliminating tariffs and related barriers in Colombia is estimated to increase U.S. GDP by nearly $2.5 billion. Largely complementary economy (grains vs. tropical fruits; textiles vs. apparel) U.S. Department of Commerce International Trade Administration

6 Market Practices Tips for Success in Colombia Language & translate materials Dont push for big orders … ease into it Stay well informed – things change very quickly in Colombia – Info is critical Be aware that Colombia has its own cultural nuances

7 U.S. Department of Commerce International Trade Administration Market Practices Tips for Success Be informed – Read CCG Use situational awareness for security Colombia: Check the Clinton List Identify partners/background check Include arbitration clause in contracts Be familiar with the laws and regulations Always get legal advice Learn about the people- Visit

8 How to Contact US Tanya Cole Commercial Officer Tel: / Cell:


Download ppt "Colombia is Diversity: People, Products and Opportunities."

Similar presentations


Ads by Google