Documente Academic
Documente Profesional
Documente Cultură
Source:
U.S.
Department
of
Commerce
Upon implementation of the CTPA, more than 66 percent of Illinois exports to Colombia will be duty free. This tariff elimination gives Illinois exporters a cost advantage of up to $27 m illion over similar products exported by competitors who do not have an FTA with Colombia. While Illinois exporters typically face tariffs of 10-15 percent, 94 percent of Colombias exports to the United States in 2010 entered duty free. C TPA would level the playing field for Illinois exporters.
Estimated Increases in U.S. Exports in Sectors Important to Illinois Pork Products Fabricated Metal Products Processed F oods Chemicals Corn Machinery 72.3% 56.4 36.2 22.6 21.0 14.9
Value
of
Exports
Potential
Product
to
Colombia
(2010)
Duty
Savings
Dumping
machinery
$47,220,000
$7,083,000
Transmission
apparatus
17,630,436
up
to
2,644,565
Axles
for
rail
vehicles
13,790,235
689,512
Railway
cars
13,324,000
2,664,800
Salts
8,630,662
431,533
Thermostats
6,101,077
up
to
915,162
5,418,714
812,807
Static
converters
Protein
concentrates
5,183,499
1,036,700
4,780,393
717,059
Storage
batteries
Plastic
plates
and
sheets
4,461,943
892,389
COMPANIES
WHOSE
EXPORTS
BECOME
DUTY
FREE
IMMEDIATELY
UPON
IMPLEMENTATION
OF
CTPA
Aurora
Pumps,
North
Aurora,
Baxter
Inc.,
Deerfield,
exports
exports
machinery
parts
to
medical
supplies
to
Colombia
that
Colombia
that
face
tariffs
of
5- face
tariffs
of
5-10
p ercent.
10
percent.
Filtration
Group
Inc.,
Joliet,
John
Deere,
Moline,
exports
exports
air
and
other
filters
to
heavy
equipment
and
parts
to
Colombia
that
face
tariffs
of
10-
Colombia
that
face
tariffs
of
5- 15
p ercent.
15
percent.
Solae
Inc.,
Gibson
City,
exports
Nalco
Company,
Naperville,
protein
concentrates
to
Colombia
exports
industrial
chemicals
to
that
face
tariffs
of
20
p ercent.
Colombia
that
face
tariffs
of
5-
10
p ercent.
Archer
Daniels
Midland,
Decatur,
exports
salts,
corn
meal,
wheat,
Bunn-O-Matic
Corporation,
and
protein
concentrates
to
Springfield,
has
exported
Colombia
that
face
tariffs
of
5-20
machinery
to
Colombia
that
percent.
faces
tariffs
of
5-10
p ercent.
Contact:
David
Thomas,
Director,
Public
Policy,
Business
Roundtable
202.496.3262,
dthomas@brt.org