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Presidents Santos, Obama to Meet at White House Tomorrow to Announce Plans for Moving Forward on U.S.-Colombia FTA


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April 6, 2011
Presidents Santos, Obama to Meet at White House Tomorrow to Announce Plans for Moving Forward on U.S.-Colombia FTA

Washington, D.C. April 6, 2011. The President Juan Manuel Santos will visit the White House tomorrow for a meeting with President Obama regarding next steps to advance the U.S.-Colombia Free Trade Agreement (FTA).

Over the past several weeks, U.S. and Colombian government negotiators have held high-level meetings to discuss a path towards approval of the FTA. Tomorrow, the two presidents will meet at the White House to announce plans to move this important agreement forward.

Last September, President Santos and President Obama met in New York at the United Nations General Assembly, and committed to fortify the already strong bilateral relationship and forge new pathways for cooperation and partnership, including efforts to promote economic development in both nations. The U.S.-Colombia FTA is central to that commitment and to helping the United States and Colombia maintain and increase jobs supported through bilateral trade.

On November 22, 2006, the United States and Colombia signed the FTA, which would make permanent a reciprocal two-way trading relationship, bolster export growth and support jobs. The agreement would immediately provide duty-free access to the Colombian market for more than 80 percent of U.S. consumer and industrial goods, with remaining tariffs phased out in five to 10 years. Colombia would also grant immediate duty-free access to more than 75 percent of U.S. agricultural products, with the remaining tariffs phased out over time. 

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