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EstimatedIncreasesinU.S.ExportsinSectors

ImportanttoMontana

WoodProducts 72.6%

FabricatedMetalProducts 56.4

ProcessedFoods 36.2

Non-MetallicMinerals 22.6

Machinery 14.9

WheatProducts 11.2

Source:U.S.InternationalTradeCommission

 

MONTANAANDCOLOMBIA–AGROWINGPARTNERSHIP

AU.S.-ColombiaTradePromotionAgreement(CTPA)hasthepotentialtoincreasebothtradeandinvestmentbetweentheUnitedStatesandColombia,improvingonanalreadystrongrelationship.In

particular,Montanastandstogainfromincreasedbusinessties,astheCTPAwillcreatejobsathome

throughincreasedexportmarketaccessforbothgoodsandservices,reducedpricesfor

manufacturers,andanimprovedinvestmentenvironment.

AT$3.1MILLIONIN2010,COLOMBIAISMONTANA’S27THLARGESTEXPORTMARKET

TotalMontanaExportstoColombia(millionsofdollars)

Source:U.S.DepartmentofCommerce

UponimplementationoftheCTPA,morethan64

 percentofMontana’sexportstoColombiawillbeduty

 free.ThistariffeliminationgivesMontanaexportersa

costadvantageofupto$283,000oversimilarproducts

exportedbycompetitorswhodonothaveanFTAwith

Colombia.

WhileMontanaexporterstypicallyfacetariffsof10-15

 percent,94percentofColombia’sexportstotheUnited

Statesin2010entereddutyfree.CTPAwouldlevelthe

 playingfieldforMontanaexporters.

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10MONTANAEXPORTSTHATCTPAWILLMAKEDUTYFREEIMMEDIATELY

COMPANIESWHOSEEXPORTSBECOMEDUTYFREEIMMEDIATELYUPONIMPLEMENTATIONOFCTPA

Contact:DavidThomas,Director,PublicPolicy,BusinessRoundtable

202.496.3262,dthomas@brt.org

ValueofExports Potential

Product toColombia(2010) DutySavings

Cartridgesandparts $671,309 upto$134,262

Lentils 380,122 upto57,018

Insecticides 179,463 17,946

Fungicides 154,080 15,408

Steatiteandtalc 147,054 7,353

Bulldozers&angledozers 72,750 7,275

Boringmachineryparts 66,074 6,607

Partsforelectricalcircuits 65,113 9,767

Peas 49,533 upto7,430

Partsforderricks 33,427 1,671

HSMunitionsInc.,Stevensville,

exportscartridgesandpartsto

Colombiathatfacetariffsof15-20percent.

EdLivingstonSales,

Billings,exportsderricks

toColombiathatfacetariffsof15percent.

EightofMontana’stop10exports to

Colombiain2010,whichnowfacetariffs

of5-20percent,willreceiveimmediateduty-freebenefitsundertheCTPA.

NumerousMontanacompaniesandassociations,includingSpikaWeldinginLewiston,LinkCommunications in

Billings,CIPPCorp.inHelena,theMontanaGrainGrowers ,theMontanaPulseAdvisoryCouncil ,andMontana

CertifiedSeedPotatoes ,havesoughttomakein-roadsintheColombianmarketandpositionthemselvesfor

increasedexportstoColombiauponimplementationoftheCTPA.