NOVA MEDIA PUBLISHING INC.

Colombia: Exports, challenge of FTA with USA

18.5.2018

Six years ago, the Free Trade Agreement (FTA) between Colombia and the US came into force.

An analysis of the behaviour of exports since the entry into force of the Free Trade Agreement with the United States in 2012, carried out by the Productive Transformation Program (PTP) of the Ministry of Commerce, Industry and Tourism, revealed that sales to the North American market of sectors prioritized by the entity increased by US$473.3 million between 2012 and 2017 representing a growth of 28.9%.

The analysis found that in 2012, the year of entry into force of the FTA, the agro industrial sectors exported US$ 967.7 million, while at the end of 2017 this figure grew to US$1,338.9 million, an annual growth average of 5.6%. Processed foods, Hass avocado, fruits and their derivatives, trout and tilapia were the products that contributed most to this growth.

The manufacturing sectors increased their exports by more than US$100 million in the last six years: in 2012 sales to the US were US$ 541.1 million while in 2017 they were US$ 642.4 million.

Despite all the benefits obtained there are sectors which consider that some conditions could be improved, however for experts on the subject that would be the worst mistake that Colombia could make because for the time being there is a marked commercial protectionism on the part of the government of President Trump.

The most convenient thing is to have stability in the rules of the game. You have to sit down and negotiate sanitary and phytosanitary requirements according to each product that is exported.

We must modernize the authorities of the agricultural sector so that they have greater knowledge and control of the diseases affecting animals and plants for export.

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