Agriculture Secretary Tom Vilsack made the following statement about the U.S-Colombia Trade Promotion Agreement, or Colombia TPA, which enters into force today.
"Beginning today, U.S. agricultural exporters receive duty-free access on more than half of the products we currently export to Colombia, and virtually all remaining tariffs will be eliminated within 15 years. Estimates show that the tariff reductions in the U.S.-Colombia TPA will expand total U.S. exports by more than $1.1 billion