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.