
Search Site:	Friday, May 25, 2012 \| Bookmark This Site

Home

Markets

News

Canada Ratifies FTA With Colombia as U.S. Still Waiting

Continued delay of ratification of pending trade deals costing U.S. producers.

Compiled by staff

Published: Jun 28, 2010

U.S. competitors have been working on free trade agreements with Colombia while competition for Colombia's market share is exploding. U.S. Grains Council Chairman Rick Fruth says despite the fact that Colombia has been the largest market for U.S. ag exports in South America - U.S. ag has lost significant market share in just a short period due to the continued delay in ratifying the U.S. Colombia Trade Promotion Agreement. Fruth says the lack of an agreement cost the U.S. corn sector alone $314 million in 2009.

U.S. ag products face a 15% import tariff and Colombia's price band system - which imposes a variable charge on top of regular import obligations. Other countries like Argentina and Brazil - however - only face a 6.9% tariff under the MERCOSUR agreement. The tariff for the four MERCOSUR countries (Argentina, Brazil, Paraguay and Uruguay) will be completely phased out by 2018 - according to USGC Director of Trade Policy Floyd Gaibler. Gaibler says ratifying the Colombia trade deal will eliminate the import tariff and price band system for the U.S. The American Farm Bureau Federation says ratification would result in more than $815 million more per year for ag exports.

Gaibler says the ability of the U.S. agricultural sector to remain competitive in the long-term will rely on the nation's collective ability to supply the global markets with growing demand for feed and food products. He says that can only happen if the U.S. endorses the trade agreements being negotiated and fully reengage in negotiating bilateral, regional and multi-lateral trade agreements around the world.

Permalink: Click here

Tagged: farm, Farm Bureau, American Farm Bureau Federation

Comments

Read comments from others and share your own thoughts.

Please provide the answer to the following question:

=

Search this site:

Read More Stories

Farm Markets Rise Ahead of Holiday

Overnight boost based on positive comments from Europe aimed at pressuring Germany.

Read this story


CME Group Alters Hours…Again

In a reactionary move as it settles into new trading approach, open outcry pit hours will change on key USDA report days.

Read this story


CRP Signup Results Announced

USDA reports interest is high in the 26-year-old program.

Read this story

Morning Call by Bryce Knorr

Farm Markets Rise Ahead of Holiday

Livestock Call By John Otte

Satellite Imagery Shows the Good and the Bad

CME Group Alters Hours…Again

The Buzz: Grain Market Chaos Continues

Farm Bill Heads for Senate Floor

Afternoon Recap by Arlan Suderman

Settlement Offered in Atrazine Herbicide Case

MF Global Friday: Exec Pay Surprise

Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com

Canada Ratifies FTA With Colombia as U.S. Still Waiting

Account

Information Center

About

Products

Toolbox

Case IH Power Tab