Beef
The FTA would mean:- Duty-free access for high quality beef (Choice & Prime) with unlimited volumes, duty-free tariff rate quota for standard beef and separately beef offal, with annual increase in TRQ volumes
- From 80 percent, over-quota duties fall immediately to 50 percent and to zero over 10 years
- $25-30 million in additional exports by year 10 (2010 exports valued at $1.9 million)
- Proposed Beef Tariff Schedule
Pork
2010 U.S. pork and variety meat exports to Colombia totaled $18 million. They could more than double with the FTA, surpassing $36 million by 2016.The FTA would mean:
- Elimination of the price band system (most products subject to 4 percent to 83 percent duty).
- Duties start at 30 percent, reduced to zero over five years.
- Some frozen offal as well as high-fat trimmings, belly fat and bacon fat would have immediate duty-free access.
- Variety meat exports under chapter 5 (including frozen intestines) would benefit from a duty-free TRQ, starting at 4,642 metric tons.
As a main competitor to the United States, Chile has benefited from a trade agreement with Colombia:
- In 2009, Chile moved ahead of the U.S. as the top supplier of pork and pork variety meat to Colombia, followed by the U.S. and Canada.
- Canada also has an FTA with Colombia, set for implementation in July 2011.
- The U.S.-Colombia FTA will help the U.S. recover its dominant market share of this $35 million pork market and capitalize on future growth.
- Proposed Pork Tariff Schedule
