MASSACHUSETTS

AND COLOMBIA A GROWING PARTNERSHIP

A U.S.-Colombia Trade Promotion Agreement (CTPA) has the potential to increase both trade and investment between the United States in Colombia, improving on an already strong relationship. In particular, Massachusetts stands to gain from increased business ties, as the CTPA will create jobs at home through increased export market access for both goods and services, reduced prices for manufacturers, and an improved investment environment. AT $73 MILLION IN 2010, COLOMBIA IS MASSACHUSETTS 36TH LARGEST EXPORT MARKET

Total Massachusetts Exports to Colombia

(millions of dollars)

Source: U.S. Department of Commerce

Upon implementation of the CTPA, more than 73 percent of Massachusetts exports to C olombia will be duty free. This tariff elimination gives Massachusetts exporters a cost advantage of up to $5.6 million over s imilar products exported by competitors who do not have an FTA with Colombia. While Massachusetts exporters typically face tariffs of 10- 15 percent, 94 percent of Colombias exports to the United States in 2010 entered duty free. CTPA would level the playing field for Massachusetts exporters.

Estimated Increases in U.S. Exports in Sectors Important to Massachusetts Misc. Manufactures Fabricated Metal Products Vegetables, Fruits, & Nuts Chemicals Machinery Computers & Electronics 60.1% 56.4 31.6 22.6 14.9 8.0

Source: U.S. International Trade Commission

 Alte Store, Hudson, exports static converters to Colombia that face tariffs of 15 p ercent. DJD Associates, Gardner, exports shovel loaders to Colombia that face tariffs of 10 p ercent. Hill View Equipment, Milford, exports construction equipment to Colombia that faces tariffs of 10 p ercent. SBS Worldwide Inc., Chelsea, exports insulated cables to Colombia that face tariffs of 15 p ercent. Savino Del Bene, East Boston, exports medical n eedles to Colombia that face tariffs of 5 p ercent.
Contact: David Thomas, Director, Public Policy, Business Roundtable 202.496.3262, dthomas@brt.org

Value of Exports Potential Product to Colombia (2010) Duty Savings Packaged medication $15,201,946 up to $1,520,195 Medical needles 5,077,514 253,876 Knitted or crocheted fibers 3,491,100 698,220 Looped pile fabrics 2,882,901 576,580 Orthopedic instruments 2,711,855 135,593 Data recognition machinery 2,254,396 up to 338,159 1,961,721 up to 196,172 Surgical instruments Chemical lab instruments 1,324,926 66,246 Data processing machinery 1,310,289 131,029 Plastic plates 1,048,528 209,706 COMPANIES WHOSE EXPORTS BECOME DUTY FREE IMMEDIATELY UPON IMPLEMENTATION OF CTPA
Westside Truck Equipment, Salisbury, exports sweeping machinery to Colombia that faces tariffs of 5-10 p ercent.

10 MASSACHUSETTS EXPORTS THAT CTPA WILL MAKE DUTY FREE IMMEDIATELY

Ocean Spray, Middleboro, exports cranberry juice to Colombia that faces tariffs of 20 p ercent.