FTAs open markets to US exporters
From the Washington Post: The long delayed free trade deals with South Korea, Colombia and Panama “give US an economic boost.”
Since US markets were already open to Colombia, the big change under the new FTA is that Colombian markets are now open to US exporters. Remarks the Post: “Free trade with Colombia and Panama, added to existing free trade with Chile, Peru, Mexico and Central America, creates a near-seamless partnership from Tierra del Fuego to Tijuana.”
As we noted (here and here, for instance), US exporters were at competitive disadvantage as the US FTAs languished, while others, such as the Colombia-Canada FTA, entered into force.
We’ll be watching the trade data to see if – and to what extent – US exporters gain share in these newly-opened markets. Here’s a baseline (and a starting point for scoping out this export market): a free report based on Datamyne trade data on Colombia’s top imports from the US in the rolling year from July 1, 2010, through June 30, 2011.
Click here to download the FREE pdf report on Colombia’s imports from the US.
Click here to ask us how to use trade data to scope out markets “from Tierra del Fuego to Tijuana.”