U.S.-Colombia Trade Promotion Agreement Strengthens Bilateral Trade
The U.S.-Colombia Trade Promotion Agreement (CTPA) continues to facilitate trade under provisions like U.S. Note 23, with a focus on specific agricultural and textile goods under HS codes. Recent data shows a 5% increase in qualifying exports from Colombia to the U.S. in 2023.
October 15, 2023
Impact: Positive impact on trade with increased market access for Colombian goods under specific tariff provisions, encouraging compliance with rules of origin.
U.S. Customs Clarifies Entry Requirements for HS Code Goods from Colombia
U.S. Customs and Border Protection issued a notice addressing documentation requirements for goods entered under U.S. Note 23 provisions, aiming to reduce entry delays for Colombian imports.
September 20, 2023
Impact: Streamlines import processes, reducing costs and delays for businesses trading under the specified HS codes between the U.S. and Colombia.
Colombia Seeks to Expand Qualifying Products Under U.S. Note 23
Colombian trade officials are negotiating with the U.S. to expand the list of products eligible for preferential treatment under U.S. Note 23, focusing on additional agricultural commodities.
August 10, 2023
Impact: Potential increase in trade volume if negotiations succeed, benefiting Colombian exporters with broader access to U.S. markets under favorable tariffs.
