One Month to Implementation of U.S.-Colombia FTA

U.S. Trade Representative Ron Kirk announced this weekend that the U.S. and Colombia will enter into their trade agreement one month from now – on May 15th. Kirk called it a very historic step. The American Soybean Association says the agreement will provide a boost for U.S. soybean exports and other American agricultural products to the third largest economy in Central and South America. According to ASA First Vice President Danny Murphy – the enactment of the FTA with Colombia is a tremendous opportunity for soybean farmers. He says the U.S. is steadily making progress toward regaining lost market share in the country – and this agreement will markedly advance that progress.

As part of the agreement – more than half of all U.S. farm exports to Colombia – including soybeans and soybean meal and flour – will become duty-free. Virtually all remaining tariffs will be eliminated over the next 15 years. The agreement also provides duty free tariff rate quotas on soybean oil – as well as livestock and dairy exports that utilize soybean inputs.

The U.S. exported more than 182-million dollars in soybeans and soybean products to Colombia last year. That’s more than 20-percent of the 832-million dollars in agricultural products. The International Trade Commission estimates that the agreement will expand overall exports to Colombia by more than 1.1-billion dollars and support thousands of additional American jobs. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.