Colombia - Essay Example

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Colombia

Colombia is already the 21st largest market for the export activities for the U.S. And now since the approval of U.S.-Colombia Trade Promotion Agreement by the President of United States Of America, Barack Obama, it is most certain that the existing trading opportunities will increase even more significantly. This agreement ensures that the U.S. interests will be protected while upholding the rule of law in Colombia. Colombia is a very risk adverse country, thus while it will feel no threat to its legal structure and culture, it will help reduce the trade barriers, creating a more stable environment that will lead to cheaper and easier export of products and services for the U.S. traders. According to the statistics stated by export.gov, the U.S. international Trade Commission is forecasting an increase of U.S. GDP by nearly $2.5 billion and U.S. merchandise exports by almost $1.1 billion, because of the probable elimination of tariffs and related encumbrances in Colombia. According to an estimate almost 80% of the export of consumer and industrial products will become duty free and the remaining tariffs will be distributed over a period of 10 years. ...Show more

Summary

Our company is looking forward to expanding our chocolate products in the foreign markets in Latin America. Colombia is one of the most favorable location targets because of its less volatility; especially during the times of present unexpected flows in the global economy it is enjoying a very moderate inflation…
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