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

The production of biotech-derived commodities continues to expand with the adoption rate of genetically engineered (GE) corn surpassing GE cotton.