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EXPORTACION DE EQUIPO Y MAQUINARIA PESADA PARA COLOMBIA
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Embassy of Colombia www.colombiaemb.org 1
May 2011 U.S. exporters of machinery and agricultural, construction, electrical, medical and transportation equipment will benefit from the reduction and elimination of tariff and non-‐tariff barriers to trade when the U.S.-‐Colombia Free Trade Agreement (FTA) is implemented. For most U.S. equipment exports, tariffs will be eliminated immediately, with remaining duties to be phased out within five to 10 years. In addition, as part of the FTA’s Rules of Origin chapter, Colombia will end its ban on U.S. remanufactured equipment exports and immediately eliminate tariffs on most of these goods.
• In 2010, U.S. exporters shipped more than $1.2 billion worth of machinery goods to
Colombia – the 15th largest market for U.S. machinery exports. • Of the $1.2 billion in U.S. machinery exports to
Colombia, small-‐ and medium-‐sized enterprises (SMEs) exported $765 million.
• Key U.S. machinery exports to Colombia include air
and liquid pumps, valves, compressors, lifting machinery and parts.
• Colombian tariffs on U.S. machinery exports average
9.4 percent, but can reach as high as 20 percent. Between 2008 and 2010, U.S. machinery exporters paid more than $365 million in Colombian tariffs.
• When the FTA enters into force, more than 65 percent of U.S. machinery exports
will receive duty-‐free treatment immediately, with remaining tariffs zeroed out in two phases within five to 10 years.
• Between 2008 and 2010, the United States exported an
estimated $19 million in agricultural equipment to Colombia – the 18th largest market for U.S. agricultural equipment exports worldwide.
U.S. Machinery and Equipment Exporters to Benefit from Expanded Access to Growing Colombian Market
“Not only is Colombia one of Caterpillar's ten largest U.S. export markets by country, but it is also one of America's closest allies. The U.S.-‐Colombia Free Trade Agreement will promote U.S. exports and support American jobs. The agreement is also a validation that Colombia is a good place to conduct business.”
-‐ Doug Oberhelman, Chairman and CEO, Caterpillar, April 6, 2011
Machinery
Agricultural Equipment
Embassy of Colombia www.colombiaemb.org 2
• Colombia is the 9th largest market for U.S.
construction equipment exports, with these goods accounting for 8.7 percent of U.S. industrial exports to Colombia between 2008 and 2010.
• In that two-‐year period, annually the United States
exported an average of more than $787 million in construction equipment to Colombia.
• Key U.S. construction equipment exports to Colombia
include boring and sinking machinery and parts, dumpers, shovel loaders and track laying machinery and equipment.
• Colombian tariffs on U.S. construction equipment
range between five and 15 percent, with U.S. exporters facing an average tariff of 10.4 percent. Between 2008 and 2010, U.S. construction equipment manufacturers paid more than $200 million in tariffs on exports to Colombia.
• When the FTA enters into force, 98 percent of U.S.
construction equipment exports would receive duty-‐free treatment immediately, with the remaining two percent of tariffs to be phased out within five years.
“This trade agreement will expand U.S. exports to Colombia by more than $1.1 billion and give over 80 percent of U.S. agricultural and construction equipment immediate duty free access to this important emerging market. The trade agreement also provides greater protection and enforcement of a broad range of intellectual property rights.”
-‐ Association of Equipment Manufacturers, April 12, 2011
Construction Equipment
• Key U.S. agricultural equipment exports to Colombia include tractors, harvesting equipment and machinery, mowers and related parts.
• U.S. agricultural equipment exporters paid an estimated $1 million in Colombian tariffs between 2008 and 2010.
• When the FTA enters into force, roughly 97 percent of U.S. agricultural
equipment exports will become duty free immediately, with the remaining tariffs to be phased out within five years.
Embassy of Colombia www.colombiaemb.org 3
• The United States exported nearly $200 million in electrical equipment to
Colombia between 2008 and 2010, on average, making Colombia the 20th largest market for these goods.
• Key U.S. electrical equipment exports to Colombia include electronic calculation
device parts, laser disks and generating sets. • Colombian tariffs on U.S. electrical equipment can
be as high as 20 percent, with U.S. exporters facing an average tariff of 8.9 percent. Between 2008 and 2010, U.S. electrical equipment manufacturers paid nearly $63 million in tariffs on exports to Colombia.
• When the FTA enters into force, more than 60
percent of U.S. electrical equipment exports would receive duty-‐free treatment immediately, with the remaining tariffs to be eliminated in three phases within 10 years of the agreement’s implementation.
• Colombia is the 16th largest market for U.S.
medical equipment exports, and between 2008 and 2010, the United States exported $247 million in medical equipment to Colombia, on average.
• Key U.S. medical equipment exports to Colombia
include diagnostic and laboratory reagents, electro-‐diagnostic apparatus and medical needles and other supplies.
• U.S. exporters of these goods currently face
Colombian tariffs that range between five and 15 percent. The average tariff is 7.6 percent. Between 2008 and 2010, U.S. medical equipment exporters paid more than $40 million in Colombian tariffs.
• Nearly all – 98 percent – of U.S. medical equipment exports to Colombia will
receive immediate duty-‐free treatment when the FTA enters into force.
“The U.S.-‐Colombia FTA’s aggressive elimination of tariffs on U.S. electroindustry products, which range from 5 to 20 percent, stands to improve our export totals even further.”
-‐ Evan R. Gaddis, President and CEO, NEMA – The Association of Electrical and Medical Imaging Equipment Manufacturers, April 6, 2011
Electrical Equipment
Medical Equipment
Embassy of Colombia www.colombiaemb.org 4
• • • • • •
• While U.S. exporters face an average Colombian tariff of 9.3 percent on these goods, duties can reach as high as 20 percent. U.S. exporters paid more than $26 million in tariffs on shipping and transportation equipment exports to Colombia between 2008 and 2010.
• Upon implementation of the FTA, more than
87 percent of U.S. shipping and transportation exports will receive duty-‐free treatment immediately, with remaining tariffs to be phased out in two phases over five to 10 years
• Between 2008 and 2010, the United States exported more than $81 million in
shipping and transportation equipment to Colombia – the 8th largest U.S. market for these goods.
• Key U.S. exports in this sector include trailers, semi-‐trailers, railway cars and truck axels and wheels.
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