CONNECTICUT

AND COLOMBIA A GROWING PARTNERSHIP

A U.S.-Colombia Trade Promotion Agreement (CTPA) has the potential to increase both trade and investment between the United States in Colombia, improving on an already strong relationship. In particular, Connecticut stands to gain from increased business ties, as the CTPA will create jobs at home through increased export market access for both goods and services, reduced prices for manufacturers, and an improved investment environment. AT $51 MILLION IN 2010, COLOMBIA IS CONNECTICUTS 42ND LARGEST EXPORT MARKET

Total Connecticut Exports to Colombia

(millions of dollars)

Source: U.S. Department of Commerce

Estimated Increases in U.S. Exports in Sectors Important to Connecticut Misc. Manufactures Fabricated Metal Products Processed F oods Chemicals Transportation Equipment Machinery 60.1% 56.4 36.2 22.6 16.1 14.9

Upon implementation of the CTPA, more than 43 percent of Connecticuts exports to C olombia will be duty-free. This tariff elimination gives Connecticut exporters a cost advantage of up to $3.0 million over s imilar products exported by competitors who do not have an FTA with Colombia. While Connecticut exporters typically face tariffs of 10-15 percent, 94 percent of Colombias exports to the United States in 2010 entered duty free. C TPA would level the playing field for Connecticut exporters.

Source: U.S. International Trade Commission

 Value of Exports Potential Product to Colombia (2010) Duty Savings Military equipment $9,691,288 $1,938,258 Unwrought aluminum 2,161,375 108,069 Aircraft engines & parts 1,678,680 up to 167,868 Aluminum alloy plates 764,732 76,473 Optical radiation instruments 487,657 24,383 Non-woven fabrics 481,945 72,292 465,494 93,099 Plastic plates and sheets Electric bicycle lighting 464,868 23,243 Instruments for measuring pressure 442,191 66,329 Aircraft launching gear 337,493 16,875 COMPANIES WHOSE EXPORTS BECOME DUTY FREE IMMEDIATELY UPON IMPLEMENTATION OF CTPA Ahlstom N onwovens, Windsor Locks, Camerota Truck Parts, Enfield, has exports thread to Colombia that face exported metal tools to Colombia tariffs of 15 p ercent. that face tariffs of 5-15 p ercent. Chemtura Corporation, Middlebury, exports chemical products to Colombia that face tariffs of 5-10 p ercent. Energizer Personal Care, Shelton, exports sun-care products to Colombia that face tariffs of 20 p ercent. H. Muehlstein & Co., Norwalk, exports plastics to Colombia that face tariffs of 15 p ercent. ANSAC, Westport, exports Flexoexport, Old Saybrook, exports Canusa Hershman, Branford, soda ash to Colombia that exports waste paper to Colombia printing machinery to Colombia that
faces tariffs of 5 percent. that faces tariffs of 5 p ercent. faces tariffs of 10 p ercent.
Contact: David Thomas, Director, Public Policy, Business Roundtable 202.496.3262, dthomas@brt.org

10 CONNECTICUT EXPORTS THAT CTPA WILL MAKE DUTY FREE IMMEDIATELY