Proposed U.S.-Colombia Free Trade Agreement
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 31 |
Release | : |
Genre | : |
ISBN | : 1437981461 |
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Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 31 |
Release | : |
Genre | : |
ISBN | : 1437981461 |
Author | : Congressional Research Service: The Libr |
Publisher | : BiblioGov |
Total Pages | : 36 |
Release | : 2013-11 |
Genre | : |
ISBN | : 9781293256022 |
The proposed U.S.-Colombia Trade Promotion Agreement, also called the U.S.-Colombia Free Trade Agreement (CFTA), was signed by the United States and Colombia on November 22, 2006. Congress must approve implementing legislation for the agreement to enter into force. The agreement would immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. An additional 7% of U.S. exports would receive duty-free treatment within five years of implementation, and most remaining tariffs would be eliminated within 10 years of implementation. The agreement also contains other provisions in services, investment, intellectual property rights protection, labor, and the environment. About 90% of U.S. imports from Colombia enter the United States duty-free under trade preference programs or through normal trade relations, while U.S. exports to Colombia face duties of up to 20%. The negotiations for the proposed CFTA were conducted under the trade promotion authority (TPA), also called fast-track trade authority, that Congress granted the President under the Bipartisan Trade Promotion Act of 2002 (P.L. 107-210). The authority allows the President to enter into trade agreements that receive expedited congressional consideration (no amendments and limited debate). Implementing legislation for the CFTA (H.R. 5724/S. 2830) was introduced in the 110th Congress ...
Author | : M. Angeles Villarreal |
Publisher | : |
Total Pages | : 31 |
Release | : 2015 |
Genre | : Colombia |
ISBN | : |
Author | : M Angeles Villarreal |
Publisher | : BiblioGov |
Total Pages | : 40 |
Release | : 2013-11-11 |
Genre | : |
ISBN | : 9781295274024 |
The U.S.-Colombia Free Trade Agreement, or U.S. Colombia Trade Promotion Agreement, as it is officially called, is a comprehensive free trade agreement (FTA) between the United States and Colombia, which will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. The agreement will enter into force on May 15, 2012. On October 3, 2011, President Barack Obama submitted draft legislation (H.R. 3078/S. 1641) to both houses of Congress to implement the FTA. On October 12, 2011, the House passed H.R. 3078 (262-167) and sent it to the Senate. The Senate passed the implementing legislation (66-33) on the same day. The agreement was signed by both countries almost five years earlier, on November 22, 2006. The Colombian Congress approved it in June 2007 and again in October 2007, after it was modified to include new provisions agreed to in the May 10, 2007 bipartisan understanding between congressional leadership and President George W. Bush. Upon entry into force, the agreement will immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. Most remaining tariffs will be eliminated within 10 years of implementation.
Author | : Congressional Research Service: The Libr |
Publisher | : BiblioGov |
Total Pages | : 36 |
Release | : 2013-11 |
Genre | : |
ISBN | : 9781294255567 |
Author | : M. Angeles Villarreal |
Publisher | : CreateSpace |
Total Pages | : 38 |
Release | : 2013-01-25 |
Genre | : |
ISBN | : 9781482075977 |
The U.S.-Colombia Free Trade Agreement, or U.S. Colombia Trade Promotion Agreement, as it is officially called, is a comprehensive free trade agreement (FTA) between the United States and Colombia, which will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. The agreement will enter into force on May 15, 2012. On October 3, 2011, President Barack Obama submitted draft legislation (H.R. 3078/S. 1641) to both houses of Congress to implement the FTA. On October 12, 2011, the House passed H.R. 3078 (262-167) and sent it to the Senate. The Senate passed the implementing legislation (66-33) on the same day. The agreement was signed by both countries almost five years earlier, on November 22, 2006. The Colombian Congress approved it in June 2007 and again in October 2007, after it was modified to include new provisions agreed to in the May 10, 2007 bipartisan understanding between congressional leadership and President George W. Bush. Upon entry into force, the agreement will immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. Most remaining tariffs will be eliminated within 10 years of implementation. The congressional debate surrounding the CFTA mostly centered on violence, labor, and human rights issues in Colombia. Numerous Members of Congress opposed passage of the agreement because of concerns about alleged violence against union members in Colombia, inadequate efforts to bring perpetrators to justice, and weak protection of worker rights. However, other Members of Congress supported the CFTA and took issue with these charges, stating that Colombia had made great progress over the last ten years to curb violence and enhance security. They also argued that U.S. exporters were losing market share of the Colombian market and that the agreement would open the Colombian market for U.S. goods and services. For Colombia, an FTA with the United States is part of its overall economic development strategy. To address the concerns related to labor rights and violence in Colombia, the United States and Colombia agreed upon an "Action Plan Related to Labor Rights" that includes specific and concrete steps, with specific timelines, most of which took place in 2011. It contains numerous commitments by the Colombian government to protect union members, end impunity, and improve worker rights. The Colombian government submitted documents to the United States in time to meet various target dates listed in the Action Plan. The USTR reviewed the documents and determined that Colombia had met its major commitments. The U.S. business community generally supports the FTA with Colombia because it sees it as an opportunity to increase U.S. exports to Colombia. U.S. exporters urged U.S. policymakers to move forward with the agreement, arguing that the United States was losing market share of the Colombian market, especially in agriculture, as Colombia entered into FTAs with other countries. Colombia's FTA with Canada, which was implemented on August 15, 2011, was of particular concern for U.S. agricultural producers. The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (1.0% in 2011), ranking 22nd among U.S. export markets and 23rd as a supplier of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 2.2%).
Author | : M. Angeles Villarreal |
Publisher | : |
Total Pages | : 33 |
Release | : 2011 |
Genre | : Colombia |
ISBN | : |
The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (0.9% in 2010), ranking 20th among U.S. export markets and 25th as a source of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 1.9%).
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 258 |
Release | : |
Genre | : |
ISBN | : 1457818647 |
Author | : M. Angeles Villarreal |
Publisher | : |
Total Pages | : |
Release | : 2011 |
Genre | : Free trade |
ISBN | : |
"The proposed U.S.-Colombia Trade Promotion Agreement, also called the U.S.-Colombia Free Trade Agreement (CFTA), was signed by the United States and Colombia on November 22, 2006. The agreement must be approved by the U.S. Congress before it can enter into force. The Colombian Congress approved the agreement in June 2007 and again in October 2007, after it was modified to meet labor and environmental concerns. Upon congressional approval, it would immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. Most remaining tariffs would be eliminated within 10 years of implementation. The agreement also contains other provisions in services, investment, intellectual property rights protection, labor, and the environment. About 90% of U.S. imports from Colombia enter the United States duty-free under trade preference programs or through normal trade relations, while U.S. exports to Colombia face duties of up to 20%, and even higher for certain products"--Second page of April 7, 2011 report.
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Publisher | : |
Total Pages | : 31 |
Release | : 2008 |
Genre | : |
ISBN | : |
Implementing legislation for a U.S.-Colombia Free Trade Agreement (CFTA) (H.R. 5724/S. 2830) was introduced in the 110th Congress on April 8, 2008 under Title XXI (Bipartisan Trade Promotion Authority Act of 2002) of the Trade Act of 2002 (P.L. 107-210). The House leadership considered that the President had submitted the implementing legislation without sufficient coordination with the Congress, and on April 10 the House voted 224-195 to make certain provisions in section 151 of the Trade Act of 1974 (P.L. 93-618), the provisions establishing expedited procedures, inapplicable to the CFTA implementing legislation (H. Res 1092). The CFTA is highly controversial and it is currently unclear whether or how Congress will consider implementing legislation in the future. The agreement would immediately eliminate duties on 80% of U.S. exports of consumer and industrial products to Colombia. An additional 7% of U.S. exports would receive duty-free treatment within 5 years of implementation and all remaining tariffs would be eliminated within 10 years after implementation. The agreement also contains provisions for market access to U.S. firms in most services sectors, protection of U.S. foreign direct investment in Colombia, intellectual property rights protections for U.S. companies, and enforceable labor and environmental provisions. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small. Numerous Members of Congress oppose the CFTA because of concerns about the violence against labor union activists in Colombia and because of the perceived negative effects of trade on the U.S. economy. The Bush Administration believes that Colombia has made significant advances to combat violence and instability and views the pending trade agreement as a national security issue in that it would strengthen a key democratic ally in South America.