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Accessing International Markets Virtually – Colombia
Thursday, October 29, 2020 @ 2:00pm - 3:00pm
Join VEDP’s International Trade team to learn about accessing Colombia virtually!
The United States is Colombia’s largest trading partner, and Colombia was the 21st largest market for U.S. exports in 2018. U.S. exports to Colombia in 2018 were valued at $15.2 billion, an increase of 13% compared to the prior year. The strong bilateral relationship with Colombia was cemented in 2012, with the elimination of tariffs on over 80% of U.S. industrial goods exports to Colombia through the U.S.-Colombia Trade Promotion Agreement (TPA), with remaining tariffs to be phased out over 10 years. Due to Colombia’s close political ties, geographic proximity to the United States, and Colombians’ appreciation for the quality and reliability of U.S products, consumers in Colombia generally have a preference for U.S. products and services.
Top opportunities for Virginia exporters to Colombia include:
- ICT — Information and Communications Technologies
- Processed Food and Beverages
- Medical Equipment
Adriana Bohorquez Brunette, Founding and Executive Director