Dow applauds progress on US-Colombia free trade agreement
Dow Chemical press release - April 07, 2011
Dow applauds progress on US-Colombia free trade agreement
MIDLAND, Mich.—(BUSINESS WIRE)—As a major manufacturer in both Colombia and the United States, The Dow Chemical Company congratulates both governments on closing the remaining gaps to progress on the bilateral free trade agreement. For Dow, the agreement is a significant step forward, as it removes tariffs and barriers to key American exports and supports growth in the Colombian domestic market.
“We congratulate both administrations for their work and urge the U.S. Administration and Congress to move forward quickly on a positive vote to approve this agreement – and to continue to grow our bilateral economic partnership.”
"Commitment to move forward is a critical component of the U.S. National Export Initiative and a strategic recognition of Colombia’s vital partnership with the United States," said Dow Chairman and CEO Andrew Liveris. "We congratulate both administrations for their work and urge the U.S. Administration and Congress to move forward quickly on a positive vote to approve this agreement – and to continue to grow our bilateral economic partnership."
The agreement will remove 90% of current tariffs assessed to Dow’s more than $200 million in American manufactured goods exported to Colombia. Removal of these tariffs levels the playing field, sustaining American manufacturing by ensuring free and fair market access to Colombia’s vital and growing domestic economy.
Dow has operated in Colombia for 51 years with an excellent safety and productivity performance. The Company’s solid community programs have benefited thousands of people in key development areas such as education and entrepreneurship.
