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In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.
The U.S.-Peru Trade Promotion Agreement’s reduction and elimination of import tariffs on a wide range of U.S. agricultural and food products, has fueled demand for U.S. pet food.