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Unformatted text preview: ado. Many
industries stand to benefit from the agreement. In
particular, computers and electronics products, a
leading export sector for Colorado, will become
more competitive with the reduction in Korean
tariffs, previously as high as 13%. Processed foods
will benefit from the elimination of tariff and
nontariff barriers to trade. Machinery manufacturers will receive a duty-free treatment immediately
on products including refrigeration compressors,
water filtering, and purifying equipment. Additionally, Colorado’s farm and livestock producers,
who rely heavily on this market for exporting, will
see reduced tariffs over time.
More than 80% of U.S. exports of consumer and
industrial products to Colombia will become dutyfree immediately, including beef, wheat, fruits, vegetables, and many processed foods. Colorado will
benefit especially from computers and electronic
products, previously subject to import duties generally between 5% and 10%.
Overall, 88% of U.S. consumer and industrial
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery