Applicable under the U.S.-Colombia Trade Promotion Agreement (CTPA) for qualifying goods with proper documentation (Certificate of Origin).
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Last updated: 1 year ago
News and Updates
Recent News
U.S.-Colombia Trade Agreement Strengthens Under HS Code Provisions
A recent report highlights increased trade activity between the U.S. and Colombia under the provisions of Additional U.S. Note 8 to the relevant HS chapter, focusing on specific agricultural and textile goods. Exports from Colombia to the U.S. have risen by 8% in the last quarter.
October 10, 2023
Impact: This growth fosters stronger bilateral trade ties, potentially increasing market access for Colombian producers while providing U.S. consumers with diverse products at competitive prices.
Colombian Exporters Benefit from Tariff Preferences Under U.S. Note 8
Colombian exporters of certain goods classified under the HS Code provisions of Additional U.S. Note 8 have gained tariff preferences, leading to a spike in shipments of specialty crops and apparel to the U.S. market.
September 15, 2023
Impact: The tariff preferences enhance Colombia's competitiveness in the U.S. market, potentially impacting domestic U.S. producers by increasing competition in specific sectors.
U.S. Customs Clarifies Entry Requirements for Colombian Goods Under Note 8
U.S. Customs and Border Protection issued a clarification on documentation requirements for goods entered under Additional U.S. Note 8, aiming to streamline the import process for Colombian products while ensuring compliance.
August 20, 2023
Impact: This clarification is expected to reduce delays at ports of entry, facilitating smoother trade flows and potentially lowering costs for importers and exporters.
Policy Updates
Extension of Tariff Rate Quotas Under U.S.-Colombia TPA
The U.S. Trade Representative announced an extension of specific tariff rate quotas for goods under Additional U.S. Note 8 as part of the U.S.-Colombia Trade Promotion Agreement (TPA), ensuring continued preferential access for certain Colombian exports through 2024.
Date: September 1, 2023
Update to Compliance Guidelines for Note 8 Provisions
The U.S. Department of Commerce updated compliance guidelines for goods entered under Additional U.S. Note 8, mandating stricter origin verification to prevent misuse of tariff benefits under the U.S.-Colombia trade agreement.
