In particular computers and electronics products a

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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 exp...
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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.

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