U.S. - Colombia trade promotion agreement: potential economy-wide and selected sectoral effects

Abstract

(TPA) on the U.S. economy as a whole and on specific industry sectors, including the effectson U.S. gross domestic product (GDP), exports and imports, employment, and consumers.Colombian exporters generally face substantially lower tariffs in the U.S. market than doU.S. exporters in the Colombian market because most U.S. imports from Colombia enter freeof duty either unconditionally or under other duty-free provisions. Because of this tariffasymmetry, the primary effects of the TPA will be improved U.S. access to the Colombianmarket and an increase in U.S. exports to Colombia. Nevertheless, the overall effect of theU.S.-Colombia TPA on the U.S. economy is likely to be small because of the small size ofthe Colombian market relative to total U.S. trade and production.The economy-wide model used by the Commission indica... Ver más...