Colombia is Diversity: People, Products and Opportunities

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

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

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

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

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

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

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