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Assessing one year of the U.S. –Colombia FTA

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Bilateral trade grew by 5 percent. Total US and Colombian exports, excluding coffee and oil, grew 20 percent this year.

In the one year since the implementation of the US-Colombia free trade agreement, bilateral trade between the two countries reached $28.5 billion – 5 percent more than the year before – and opened numerous opportunities for small and medium enterprises in both countries. But the fact that will grab headlines on the one-year anniversary is that while the value of U.S. exports to Colombia did grow in the past year (up 20 percent between May and March), the value of Colombian exports to the United States actually declined (down 13 percent in the same period). But this is to ignore the wider picture say officials from the United States Trade Representative and the Colombian Ministry of Commerce.

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