Colombia

In fiscal year 2013, U.S. food and agricultural exports to Colombia totaled $1.4 billion -- up more than 67 percent from 2012. The U.S.-Colombia Trade Promotion Agreement entered into force on May 15, 2012, immediately reducing tariffs to zero for dozens of commodities. When the agreement is fully implemented, USDA estimates that it will boost U.S. agricultural sales by an additional $370 million annually, generating an additional $500 million in U.S. economic activity.

Data & Analysis

As of August 15, 2014 the Colombian National Office of Taxes and Customs (DIAN) information on the 2014 TRQ fill rates demonstrated a positive trade trend.
Recently reelected Colombian President Juan Manuel Santos appointed Aurelio Iragorri as the new Minister of Agriculture and Rural Development.
U.S. corn exports to Colombia have dominated the market against Southern Common Market (MERCOSUR) competitors.