(Posted Tue. May 15th, 2012)
May 15: As the U.S.-Colombia Trade Promotion Agreement takes effect today, NCGA applauds implementation of the agreement and appreciates the work of U.S. trade negotiators and Congress to get the FTA across the finish line.
“NCGA is excited to see an additional FTA go into effect,” said NCGA President Garry Niemeyer. “Colombia is traditionally one of the top ten export markets for U.S. corn, but we have seen a decline in recent years as Colombia imported corn from our biggest competitors. We believe implementation of the FTA will help level the playing field.”
In marketing year 2011-12, the United States exported 154 million bushels of corn to Colombia. Under the FTA, U.S. corn producers would gain immediate access to the Colombian market for 2.1 million metric tons of corn at zero percent duty.