HAWAII

AND COLOMBIA A GROWING PARTNERSHIP

A U.S.-Colombia Trade Promotion Agreement (CTPA) has the potential to increase both trade and investment between the United States and Colombia, improving on an already strong relationship. In particular, Hawaii stands to gain from increased business ties, as the CTPA will create jobs at home through increased export market access for both goods and services, reduced prices for manufacturers, and an improved investment environment. AT $300,000 MILLION IN 2010, COLOMBIA IS HAWAIIS 42ND LARGEST EXPORT MARKET
Upon implementation of the CTPA, more than 86 percent of Hawaiis exports to Colombia will be duty- free. This tariff elimination gives Hawaii exporters a cost advantage of up to $29,000 over similar products exported by competitors who do not have an FTA with Colombia. While Hawaii exporters typically face tariffs of 10-15 percent, 94 percent of Colombias exports to the United States in 2010 entered duty free. CTPA would level the playing field for Hawaii exporters.

Estimated Increases in U.S. Exports in Sectors Important to Hawaii Misc. Manufactures Non-Metallic Minerals Processed F oods Fruits, V egetables & Nuts Petroleum & C oal Products Computers & Electronics 60.1% 41.4 36.2 31.6 14.5 8.0

Source: U.S. International Trade Commission

Value of Exports Current Colombian Product to Colombia (2010) Tariff Rates Data processing machinery 250,269 10% Ceramic goods* 22,100 5-15% Appliance parts 4,973 10% *Colombia accounted for 100 percent of Hawaiis exports of ceramic goods in 2010. Colombia was also the only export market for Hawaiian slide fastener parts and aspirin. CTPA will phase out the tariffs on those products either immediately or within 10 years.

Contact: David Thomas, Director, Public Policy, Business Roundtable 202.496.3262, dthomas@brt.org

SELECT HAWAII EXPORTS THAT WILL BECOME DUTY FREE IMMEDIATELY UNDER CTPA