More than 80 percent of U.S. exports of consumer and industrial products to Colombia will be immediately duty-free, with the remaining 10 years of duty. The U.S.-Colombia Trade Promotion Agreement (TPA) will support more U.S. jobs, increase U.S. exports, and improve U.S. competitiveness. The Investment Chapter (Chapter 5) aims to improve the legal framework for EFTA and Colombian enterprises investing in the markets of the other, including through the granting of non-discriminatory rights of establishment and exploitation (commercial presence) in sectors not covered by the Chapter on Trade in Services. The constant search for free trade agreements (SAAs) with strategic countries is essential for multilateral trade, as the quality of the entire production process, logistics, sales and after-sales must be improved to identify and secure partners. The same situation occurs with regard to imports due to similar conditions. New opportunities for U.S.
workers, producers, farmers, and ranchers: More than 80 percent of U.S. exports of consumer and industrial products to Colombia were exempt from tariffs upon entry into effect, with the remaining duties spread over ten years. The Chapter on Trade in Services (Chapter 4) closely follows the approach of the WTO General Agreement on Trade in Services (GATS). It covers all four types of services within the meaning of the GATS and is addressed to all services sectors. The chapter on trade in services deals with general disciplines, while the annexes (financial services, Annex XVI; telecommunications services, Annex XVII) contain more specific provisions for certain sectors. . . .