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Manufacturers win with the Colombian Trade Promotion Agreement
The U.S.-Colombia trade agreement helps U.S. manufacturers to compete more effectively in the fast growing Colombian market. Currently, U.S. manufactured goods entering Colombia face an average tariff of 14 percent. At the same time, over 92 percent of Colombian goods face no such barriers in the United States. Approving the Colombia Free Trade Agreement would lower these tariffs to zero in most cases immediately, effectively leveling the playing field for manufacturers.
This agreement is needed to support a key U.S. ally and our economic interests in Latin America. Failure to pass the agreement could cause the U.S. to lose our strong presence as a market leader and maintain our market share for U.S. exports in an increasingly competitive economy. Exports are becoming increasingly important for manufacturers. Congress needs to recognize this and approve this agreement to restore fairness in U.S.-Colombia trade relationship for manufacturers in the U.S.
Please Contact your Congressional Representative to urge them to stand with America’s manufacturers and to pass legislation to level the international playing field. For more information, contact Doug Goudie, NAM trade policy director, at dgoudie@nam.org, (202) 637-3078
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