Colombia | The best of the FTA with the U.S. is yet to come

Summary

The nine years of the Free Trade Agreement with the United States have achieved great progress in trade and investment, consolidating the country as a very important trading partner for Colombia. For the future, the recovery of world trade and demand suggests that the best of the bilateral relationship is yet to come.

Key points

• Key points:
• World trade has recovered from the pandemic slowdown and has returned to 2018 levels, generating growth expectations and positive effects on Colombia's terms of trade and demand for products and services.
• The good growth expectations for the United States make it necessary to strategically prioritize from the public and private sectors the products that can be offered to intensely take advantage of the commercial gate.
• In the nine years of the Free Trade Agreement, new goods have found markets, especially agricultural and agro-industrial products; however, there are still opportunities for more goods.
• It is necessary to understand the U.S. consumer who is picking up its consumption after the pandemic and the investment projects that will be underway to strengthen and deepen the country's exportable supply.
• Global value chains are changing with the pandemic and regional chains are gaining participation; Colombian products must find space in this new order.

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