Applicable under the U.S.-Colombia Trade Promotion Agreement (CTPA) for qualifying goods meeting rules of origin requirements.
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Last updated: 1 year ago
News and Updates
Recent News
U.S.-Colombia Trade Promotion Agreement Continues to Boost Bilateral Trade
The U.S.-Colombia Trade Promotion Agreement (CTPA), in effect since 2012, has led to a significant increase in trade under specific subheadings outlined in U.S. note 21(g). Recent data shows a 12% rise in exports of covered goods from the U.S. to Colombia in 2023.
October 15, 2023
Impact: Strengthens market access for U.S. exporters in Colombia, particularly for agricultural and manufactured goods under the specified HS codes, potentially increasing export revenues.
Colombian Agricultural Exports to U.S. Benefit from Tariff Reductions
Under the provisions of U.S. note 21(g), Colombia has seen a surge in agricultural exports to the U.S., with tariff-free access for certain products driving a 10% growth in shipments this year.
September 20, 2023
Impact: Enhances competitiveness of Colombian agricultural products in the U.S. market, likely increasing trade volume and benefiting Colombian producers.
U.S. and Colombia Address Trade Compliance Issues Under CTPA
Both nations held discussions to ensure compliance with rules of origin and tariff classifications under subheadings in U.S. note 21(g), aiming to prevent misuse of preferential tariff treatments.
August 5, 2023
Impact: May lead to stricter enforcement and verification processes, potentially causing short-term delays in trade but ensuring long-term fairness and adherence to agreement terms.
Policy Updates
Extension of Tariff Rate Quotas Under U.S. Note 21(g)
The U.S. Trade Representative announced an extension of specific tariff rate quotas for goods under subheadings enumerated in U.S. note 21(g), ensuring continued duty-free access for certain Colombian imports through 2024.
Date: July 1, 2023
Update to Rules of Origin Verification for CTPA Goods
U.S. Customs and Border Protection updated verification procedures for rules of origin under subheadings in U.S. note 21(g), requiring more detailed documentation from Colombian exporters to qualify for preferential treatment.
