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Colombia has received its first U.S. products under the new Free Trade Agreement (FTA), Colombia’s statistics department said Wednesday.
The products included 300 breathing masks, machine valves, a tractor chasis, white corn, chicken paste, mechanically deboned chiken, Harley Davidson motorcycles and drilling equipment.
Before the FTA, these products were subject to tariffs ranging from 5-40%. Under the FTA tariffs on the majority of products between the two countries were completely eliminated. Tariffs on certain “protected,” industries will be phased out over periods of 10-19 years.
Colombian authorities celebrated the first shipment of good to the U.S. under the FTA, Tuesday.
