2010 U.S. beef and variety meat exports to Colombia totaled $1.9 million and reached $10.4 million by 2015 (following FTA implementation in 2012).
The FTA means:
- 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.
- Duties of 80 percent are phased to zero by 2021, over a 10-year period.
- $25-30 million in additional exports by year 10 (2011 exports valued at $3.9 million)
- Beef Tariff Schedule
- U.S. Beef Exports to Colombia
2010 U.S. pork and variety meat exports to Colombia totaled $18 million. 2011 exports jumped to $29 million, prior to FTA implementation. Exports have more than tripled since the FTA to $102 million in 2015.
The FTA means:
- In the duty phase-out period, elimination of the price band system except in cases where the applied duty is less than the rate in the U.S.-Colombia FTA (for example, the applied duty in 2001 was zero due partially to high U.S. pork prices).
- Duties of 30 percent are reduced to zero by 2016, over a five-year period.
- Some frozen offal as well as high-fat trimmings, belly fat and bacon fat have immediate duty-free access.
- Variety meat exports under chapter 5 (including frozen intestines) benefit from a duty-free TRQ, starting at 4,642 metric tons in 2012 and increasing to unlimited volumes in 2021.
- 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.
- In 2011 the U.S. regained its leading position as the top pork supplier to Colombia.
- Canada also has an FTA with Colombia, implemented Aug. 15, 2011. Canada has a TRQ of 5,750 MT for 2016 with in-quota imports facing a zero percent duty.
- The U.S.-Colombia FTA has helped the U.S. expand its dominant market share, and U.S. market share increased from 42% in 2011 to 74% in 2015.
- Pork Tariff Schedule
- U.S. Pork Exports to Colombia