Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia’s exports to US drop 13% after FTA

by Adriaan Alsema May 13, 2013

While the governments of Colombia and the U.S. celebrate the first anniversary of a free trade agreement between the countries, government statistics show there is little to celebrate for Colombian exporters who saw exports drop 13%.

According to Colombia’s statistics agency DANE, Colombian exporters sold a total 0f $16.8 billion in products and services to U.S. importers between June 2012 and March 2013. The year before this was $19.2 billion.

Colombian exports to the US

The drop in exports is contrary to promises made by the Colombian government. Days before the implementation of the free trade agreement on May 15 last year, Trade Minister Sergio Diaz-Granados said his ministry estimated a 10% increase in exports to the U.S.

While Colombian exporters saw their sales drop significantly, American businesses seem to have been able to benefit from the trade pact. Imports from the U.S. went up 15% between June and February.

Colombian imports from the US

The trade pact between the two countries took more than six years to be ratified as labor rights workers, U.S. unions and U.S. President Barack Obama’s own Democratic Party opposed the treaty over labor rights violations in Colombia.

Colombian opponents of the then-proposed pact told Colombia Reports that the country’s labor rights situation was a false argument and weakening the South American country from bargaining a good deal with its much larger trading partner.

U.S. Acting Secretary of Commerce will be in Colombia’s capital Bogota Wednesday to celebrate the first year of free trade between the two trade partners.

Sources

  • Colombia export statistics (DANE)
  • Colombia import statistics (DANE)
  • US International trade in Goods and services – March 2013 (US Census Bureau / US Bureau of Economic Analysis)
economyexportsFTAimportstradeUnited States

Trending

  • Bogota and Medellin lock down as COVID saturates Colombia’s hospitals

  • Colombia discovers local coronavirus mutation

  • Colombia discards new COVID lockdown as new surge continues

Weekly interviews and news updates

Related articles

  • Joe Biden and Colombia | Part 2: ending the ‘War on Drugs’

  • Joe Biden and Colombia | Part 1: Duque ‘optimistic’ about relations

  • Colombia trying to mend strain relations with US after election meddling claims

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top