3
EstimatedIncreasesinU.S.ExportsinSectors ImportanttoArkansas PoultryProducts 72.3% FabricatedMetalProducts 56.4 ProcessedFoods 36.2 PrimaryMetalProducts 44.3 PaperProducts 27.9 Cotton 10.5 Source:U. S.InternationalTradeCommission  ARKANSAS ANDCOLOMBIAA GROWINGPARTNERSHIP AU.S.-ColombiaTradePro motionAgreement(CTPA)hasthepotentialtoincreaseboth tradeand investmentbetweentheUnitedStatesinColomb ia,improvingonanalrea dystrongrelation ship.In particular,Arkan sasstandstogain fromincreasedbusin essties,astheCTPAwillcreatejob sathome throughincr easedexportmarketaccessforbothgoodsandservices,reducedpric esfor manufacturers,andanimprovedinvestmentenvironment. AT$33MILLI ONIN2010,COLOMBIA ISARKANSAS’30 TH LARGESTEXPORTMARKET TotalArkansasExportstoColombia (millionsofdollars) Source:U.S.DepartmentofCommerce Uponimplementa tionofthe CTPA,morethan 78percent ofArkansa s’exportsto Colombiawill beduty-free. This tariffelimin ationgivesA rkansasexporte rsacost advantage ofupto$ 2.3milliono versimilarprod ucts exportedby competitorswhodonothave anFTAwith Colombia. WhileArkansa sexportersty picallyfacet ariffsof10 -15  percent, 94percento fColombia’sex portstotheUnited Statesin 2010ent eredduty free.CTPAwouldle velthe  playing fieldforArkansa sexporters.

Arkansas and Colombia - A Growing Partnership

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10ARKANSASEXPORTSTHATCTPAWILLMAKEDUTYFREEIMMEDIATELY

COMPANIESWHOSEEXPORTSBECOMEDUTYFREEIMMEDIATELYUPONIMPLEMENTATIONOFCTPA

Contact:DavidThomas,Director,PublicPolicy,BusinessRoundtable

202.496.3262,[email protected]

ValueofExports Potential

Product toColombia(2010) DutySavings

Surgicalinstruments $4,547,918 $454,792

Treatedironproducts 3,596,013 179,801

L-shapedpiecesofironorsteel 3,566,594 356,659

Cotton 3,404,863 340,486

Organo-sulfurcompounds 1,405,028 upto70,251

Hot-rolledironorsteelproducts 1,356,966 upto135,697

Miscellaneousmarinevessels 1,239,547 upto123,955

Packingmachinery 929,550 upto92,955

Steelcoils 806,323 40,316

Partsforderricks 723,932 36,197

BaldorElectric,FortSmith,exports

electricmotorsandpartstoColombia

thatfacetariffsof5-15percent.

JohnDeereEngineWorks ,Weiner,

exportsenginestoColombiathat

facetariffsof10percent.

InternationalEquipment

Group,Conway,exports

oilfieldmachineryto

Colombiathatfaces

tariffsof10percent.

JARiggs,WestMemphis,

exportsconstruction

equipmenttoColombia

thatfacestariffsof10

percent.

MalloryTransportationSystems ,LittleRock,hasexportedearthmoversto

Colombiathatfacetariffsof10percent.

TractorFinders,Dumas,hasexportedbackhoestoColombia

thatfacetariffsof10percent.