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CEA Applauds Progress On U.S.-Columbia Trade Deal

Arlington, Va. –
Gary Shapiro, president/CEO of the Consumer Electronics Association (CEA),
expressed confidence that the advancements announced today on the U.S.-Colombia
trade promotion agreement (TPA) will pave the way for its submission to
Congress and final approval.

The U.S. Columbia
trade agreement has been an issue that CEA has backed for several years.

“The U.S.-Colombia
trade agreement is a critical trade pact for U.S. workers and companies. It
will immediately eliminate Colombian duties on more than 80 percent of U.S.
exports,” Shapiro said. “We urge swift action to send the Colombia, Panama and
Korea trade agreements to Congress for approval. These agreements are job
creating for our small businesses and will help us remain competitive against
other nations such as Canada and the EU, which also have trade agreements
pending with these countries.”

Colombia’s economy
is the third largest in Central and South America. This trade agreement will
eliminate tariffs and other barriers to U.S. exports, promote economic growth,
and expand trade between the U.S. and Colombia. U.S. goods exports to Colombia
in 2010 were $12 billion.