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Free Trade with Colombia and PanamaOpening New Markets for U.S. High-Tech Goods in Latin America |
Highlights of What’s Inside…
- U.S. high-tech exports to colombia grew by 22 percent between 2009 and 2010, reaching $1.87 billion. Since 2004, U.S. high-tech exports to Colombia have grown 125 percent, creating a high-tech trade surplus of nearly $1.84 billion.
- U.S. high-tech exports to Panama totaled $579 million in 2010, up 14 percent from 2009. The United States had a high-tech trade surplus of $572 million with Panama in 2010.
- As a part of the pending Free Trade Agreements that the United States has concluded with Colombia and Panama, these countries will join the Information Technology Agreement, which eliminates tariff and non-tariff barriers to a number of tech products.
- Expanding trade with Colombia and Panama would give U.S. tech companies a competitive edge in that region while strengthening free markets, enhancing stability, and fostering democracy. Not doing so cedes our competitive advantage to other countries that pursue their own trade deals in this region.
We are delighted to bring you the 35th regular installment of the TechAmerica Foundation Competitiveness Series. TechAmerica Foundation produces regular reports on the most timely and relevant issues to the tech industry and to U.S. competitiveness in a global economy. We combine rigorous data with careful analysis to educate industry executives, policymakers, and opinion leaders on the issues.
Contact Information
The writers of this publication can be reached for questions or comments:
Josh James
Vice President, Research and Industry Analysis
202.682.4422
josh.james@techamericafoundation.org
Categories: Uncategorized
This entry was posted on Wednesday, February 23rd, 2011 by Matthew Kazmierczak.
