U.S. agricultural exports that benefit from the agreement include beef and pork products, wheat, corn, soybeans and cotton.  The agreement would provide immediate duty-free access to the main export categories of the U.S. beef industry, such as the USDA Prime and Choice, cuts of beef.  All other tariffs on beef would be abolished and definitive duties would be abolished within 15 years.  Colombian tariffs on pork products between 20 and 30% would be reduced to zero within 5 to 15 years.  The U.S. International Trade Commission estimates that the fully implemented agreement would increase U.S. beef exports to Colombia by 46% and pork exports by 72%.  Colombian tariffs of 5 to 20% on wheat and soybeans would be immediately eliminated; with a 25% tariff on maize, which is expected to expire over a year.  The agreement would immediately remove the 10% tariff on the United States. Cotton after entry into force Four years ago, the United States` Colombian Free Trade Agreement entered into force, which is an obligation of trade and prosperity between our two countries. Today, we look back at the four years since the U.S.-Colombia Trade Promotion Agreement (CTPA) came into effect and analyze what it has meant for trade between our two countries.
Colombia TPA Text: The full text of the agreement. The United States-Colombia Trade Promotion Agreement (CTPA) (Spanish: Tratado de Libre Comercio entre Colombia y Estados Unidos or TLC) is a bilateral free trade agreement between the United States and Colombia. It was adopted on 22 Signed on 18 November 2006 by deputy US Trade Representative John Veroneau and Colombian Minister of Commerce, Industry and Tourism Jorge Humberto Botero. CTPA is a comprehensive agreement that will eliminate tariffs and other barriers to trade in goods and services between the United States and Colombia, including government procurement, investment, telecommunications, electronic commerce, intellectual property rights, and labor and environmental protection The United States Congress. The Colombian Congress approved the agreement and an amending protocol in 2007.