HS Code:
Goods of Colombia under General Note 34 to the Harmonized Tariff Schedule (HTS) of the United States refer to products eligible for preferential tariff treatment under the United States-Colombia Trade Promotion Agreement (CTPA), implemented in 2012. This agreement aims to eliminate tariffs and other trade barriers on most goods traded between the two countries. Colombian goods span various categories, including agricultural products (e.g., coffee, flowers, and fruits), textiles, apparel, and industrial products. General Note 34 outlines specific rules of origin and eligibility criteria for these goods to qualify for duty-free or reduced-duty access to the U.S. market. Colombia is a significant trade partner in Latin America, leveraging its diverse production base and strategic geographic location to export a wide range of commodities and manufactured goods.
Total Trade Volume
USD 14.3 billion (exports to the U.S.)
Data from 2022
Source
United States International Trade Commission (USITC) and Office of the United States Trade Representative (USTR)
USD 14.3 billion
40% of Colombia's total exports of total trade
Increasing
USD 3.2 billion
9% of Colombia's total exports of total trade
Stable
USD 2.8 billion
8% of Colombia's total exports of total trade
Increasing
USD 2.5 billion
7% of Colombia's total exports of total trade
Stable
USD 2.1 billion
6% of Colombia's total exports of total trade
Increasing
Average Rate
0% (duty-free for most qualifying goods under CTPA)
Highest Rate
Up to 20% for non-qualifying goods or sensitive products (e.g., certain textiles or agricultural products outside CTPA rules of origin)
Lowest Rate
0% (duty-free for most goods meeting CTPA criteria under General Note 34)
Increased demand for Colombian agricultural exports
Growth in exports of coffee, avocados, and cut flowers to the U.S. due to duty-free access under CTPA, boosting rural economies in Colombia
2021-2022
Diversification into value-added products
Shift towards processed foods and textiles with higher profit margins, supported by tariff reductions, enhancing competitiveness in the U.S. market
2020-2022
Strengthening of U.S.-Colombia trade ties
Bilateral trade agreements and policy stability have encouraged long-term investments in export-oriented industries in Colombia
2019-2022
The U.S. and Colombia agreed to revise quotas for certain agricultural products like sugar and beef, allowing increased duty-free access for Colombian exporters.
March 2023
Positive for Colombian farmers, with an estimated increase of USD 50 million in agricultural exports annually.
Implementation of electronic certification systems for rules of origin under General Note 34 to streamline customs processes for Colombian goods entering the U.S.
July 2022
Reduces administrative delays and costs, improving market access for small and medium-sized exporters.
Renewed focus on environmental and labor provisions under CTPA, with U.S. audits ensuring Colombian goods meet sustainability and fair labor criteria.
October 2022
Potential for temporary trade restrictions if non-compliance is found, though it also promotes long-term sustainable practices in Colombian industries.