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REALLY USEFUL RESOURCES
for international trade professionals |
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 OUR FEATURED COUNTRY
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COLOMBIA
U.S. - Colombia FTA signed
www.trade.gov/fta/colombia/
On October 21, President Obama signed a free trade agreement between the United States and Colombia. Ultimately, this agreement will allow more than 80% of products traded between the two countries to cross the border without any customs duties. For the two countries, the objective of the agreement is twofold: to build labor markets and increase competitiveness. According to the latest estimates, the agreement is expected to create nearly 300,000 jobs in Colombia and generate hundreds of millions of dollars of business opportunities in the United States.
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Bogotá, business center |
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In 2010, the United States was the largest trading partner of Colombia, both in terms of exports (43.1% of total exports of Colombia) and imports (25.9% of total imports). That same year, bilateral trade between the two countries accounted for nearly $28 billion. With a population of 45 million inhabitants, the second in Latin America after Brazil, Colombia has a large middle class (70% of the population), making the Colombian market particularly attractive to U.S. companies.
The Colombian economy is booming, with an average annual growth rate over the last five years of around 4.5%. In 2010, the country has the fourth largest GDP in Latin America after Brazil, Argentina and Venezuela. Among the most dynamic sectors are clothing and apparel, tourism (thanks to improved security conditions in recent years) and health (Colombia is the largest public investor in the region for this sector). There are also great opportunities in business process outsourcing (call centers, shared service centers) and in the energy field.
To learn more about the free trade agreement between the United States and Colombia:
• The U.S. - Colombia Trade Agreement on the Website of the International Trade Administration (ITA)
• The U.S. - Colombia Trade Agreement on the Website of the Office of the United States Trade Representative
• The U.S.- Colombia Free Trade Agreement on colombiafta.com
• The U.S.- Colombia Free Trade Agreement on the Website of the Business Roundtable network
To help you do business in Colombia:
• American Chamber of Commerce in Colombia
• The U.S. Commercial Service in Colombia
• The Embassy of the United States in Bogotá
• The ANDI – National Business Association of Colombia
• The Association of American Chambers of Commerce in Latin America
• The Latin America Trade Coalition
Professional Trade Event in Colombia:
• Andina Link (Audio/Visual & Telecommunications) - Cartagena, Colombia 02/27/2012 - 03/01/2012
Click here to see more events worlwide
For information about other countries:
• Find reports and resources for 185 countries, FITA Country Miniportals
• The Country Channels on GlobalTrade.net
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Export Opportunity "From Tierra del Fuego to Tijuana"
Trade data for scoping out the Colombian, Panamanian markets for US exporters
"Free trade with Colombia and Panama, added to existing free trade with Chile, Peru, Mexico and Central America, creates a near-seamless partnership from Tierra del Fuego to Tijuana," the Washington Post noted approvingly upon the passage – at long last – of free trade agreements between the US and these Latin American countries.
That’s good news for Datamyne: As our blog has noted, US exporters were at competitive disadvantage as the US FTAs languished, while others, such as the Colombia-Canada FTA, entered into force.
Now we’ll be watching our LATAM trade data to see where and to what extent US exporters gain share in these markets.
We’ve prepared a FREE report on Colombia’s latest imports from the US. The report includes the top 10 imports plus the top Colombian buyers and US exporters of wheat, corn, cotton, propene & dump trucks.
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 Click here to download the free sample report
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There’s more: Datamyne will deliver a FREE custom report on up to three current importers of the product of your choice (that’s three potential customers for your exports) in either Colombia OR Panama. The report will cover shipments in 2011, including importer names, volumes and values.
Simply click here to request your free report.
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 REALLY USEFUL SITES
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BUSINESS without BORDERS
www.businesswithoutborders.com
BUSINESS without BORDERS sponsored by HSBC, with content from the Economist, the Wall Street Journal and video content from Bloomberg Master Class is a huge new website for international trade professionals. It offers content that addresses the issues and needs of U.S. companies looking to expand abroad, including business tools, global trends and market analysis, case studies and sector profiles.
BUSINESS without BORDERS is also a platform for members to develop relationships and share their experience in the global economy. And it also hosts regular events about the issues affecting global trade in major cities throughout the US.
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Doing Business
www.doingbusiness.org/
Each year the World Bank prepares a report that outlines and ranks 183 countries in terms of how easy it is to do business. It assesses regulations affecting domestic firms and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year’s report, Doing Business 2012: Doing Business in a More Transparent World, covers regulations measured from June 2010 through May 2011.
Among the top findings were:
• Morocco improved its business regulation the most compared to other global economies
• The Republic of Korea was a new entrant to the top 10 countries
• Singapore remains the best county in the world in which to do business, followed closely by Hong Kong, New Zealand and the U.S.
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EVENTS AND WEBINARS
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Assisted by:
The U.S. Commercial Service |
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SOME UPCOMING WEBINARS
Stay up to date and informed with U.S. Commercial Service webinars!
• Export Controls Workshop 5 - Oakland, CA, United States 12/01/2011 - 12/01/2011
• Complying with U.S.Export Controls - Wayne, NJ, United States 12/06/2011 - 12/07/2011
• A Basic Guide to Foreign Trade Regulations - Washington, DC, United States 12/07/2011 - 12/07/2011
• Complying with European Union Standards - Pittsburgh, PA, United States 12/07/2011 - 12/07/2011 &
State College, PA, United States 12/8/2011 - 12/8/2011
• Energy and Mining Opportunities in Canada - Pittsburgh, PA, United States 12/8/2011 - 12/8/2011
SOME UPCOMING COMMERCIAL SERVICE EVENTS
Stay up to date and informed with U.S. Commercial Service events!
• Defense & Security Bangkok, Thailand 03/05/2012 - 03/08/2012
• Expo Manufactura - Monterrey, Mexico 03/06/2012 - 03/08/2012
• CeBIT (digital information technology & telecommunications) - Hannover, Germany 03/06/2012 - 03/10/2012
• First dental shows in China - Guangzhou, China 03/07/2012 - 03/10/2012
• IWA & OutdoorClassics (hunting and sport shooting) - Nuremberg, Germany 03/09/2012 - 03/12/2012
• SinoPack (packaging) - Guangzhou, China 03/09/2012 - 03/11/2012
• Oceanology International - London, United Kingdom 03/13/2012 - 03/15/2012
• Globe (Environment technologies) Vancouver, Canada, Canada 03/14/2012 - 03/16/2012
Event in Colombia:
• Andina Link (Audio/Visual & Telecommunications) - Cartagena, Colombia 02/27/2012 - 03/01/2012
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Published by FITA Online, 172 Fifth Ave., #118, Brooklyn, NY 11217 USA.
Copyright © 2011 GlobalTrade SAS. All rights reserved.
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