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Blog Category: Colombia

Department of Commerce Helps American Company Secure $42 Million Contract With Colombia

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Contract supports $38 million in U.S. exports

U.S. Acting Secretary of Commerce Rebecca Blank today announced that L-3 Communications Corporation Warrior Systems Sector (Londonderry, New Hampshire) and its distributor Aviation Specialties Unlimited (Boise, Idaho) recently secured a contract from the Government of Colombia worth $42 million. The announcement comes on the heels of Acting Secretary Blank’s trade mission to Brazil, Colombia and Panama, which wrapped up on May 17. The trade mission included 20 U.S. firms with expertise in a wide variety of infrastructure industry sectors, and was intended to help American companies expand their business opportunities in Brazil, Colombia and Panama and promote U.S. exports.

“L-3’s export success is a concrete example of the Department of Commerce’s continued efforts to help U.S. firms be more competitive in this growing market,” said Acting Secretary Blank. “L-3 benefited from an aggressive, coordinated interagency commercial advocacy campaign spearheaded by our Advocacy Center to win a contract that will increase U.S. exports and support American jobs. With U.S. exports reaching an all-time high of $2.2 trillion in 2012, and supporting nearly 10 million American workers, the work of our Advocacy Center and U.S. embassies across the world is more important than ever. I congratulate L-3 Communications and their distributor Aviation Specialties Unlimited on winning this valuable contract.”

The contract will support $38 million in U.S. exports, as well as nearly 50 American jobs, according to L-3. Through this contract, L-3 will provide fully-assembled night-vision goggles, spare parts, tooling and test equipment to the Colombian government. Full release

Acting Secretary of Commerce Rebecca Blank Visits Consular Section in Colombia to Promote Travel and Tourism

On the heels of Travel and Tourism Week, Acting Secretary of Commerce Rebecca Blank visited the Consular Section at the U.S. Embassy in Colombia today as part of the trade mission she is leading this week to Brazil, Colombia, and Panama.

Currently, the U.S. consular section in Colombia is the sixth busiest worldwide by volume of visa applicants. So far this year, the record for one day processing was 3,001 applicants—the highest in the world for that day. On average, the Consular Section at the U.S. Embassy in Colombia receives 2,300 applicants a day for travelers visiting the United States for tourism, work, or education purposes.

The Acting Secretary’s visit directly supports the Obama Administration’s commitment to promoting travel to, and tourism within, the United States. Travel and tourism, which represents the United States’ number one service export, is a crucial stimulator for the American economy. In March 2013, spending by international visitors to the United States totaled more than $14.4 billion, an increase of nearly 3 percent when compared to last year.

Acting Secretary Blank Supports U.S. Companies’ Corporate Social Responsibility Efforts Abroad

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Acting Secretary Blank Supports U.S. Companies’ Corporate Social Responsibility Efforts Abroad

Acting Commerce Secretary Rebecca Blank visited Bogotá, Colombia, today, to see how a U.S.-based company is helping to promote corporate social responsibility in a country where it does business.

In 2007, the world’s largest software company Microsoft joined forces with the nonprofit Trust for the Americas, the nonprofit Centro Laudes Infantis and the local government to create “Mi Llave,” a program designed specifically to increase computer literacy.  The centers, including one that Acting Secretary Blank visited, provide economic and social opportunities to youth and vulnerable populations through access to technology, technical and vocational skills training, and more. Since its inception, 15 additional centers have opened across the country.

Acting Secretary Blank toured the facility and heard first hand testimonials from individuals who have benefitted from the services the centers provide.  More than 13,000 people have been trained, and more than 270,000 people have received access to computers and the Internet since training began at Mi Llave centers.

Acting Secretary of Commerce Rebecca Blank Commemorates the Anniversary of the U.S.-Colombia Trade Promotion Agreement

One of the Commerce Department’s top priorities is to strengthen the economic ties between the United States and our trading partners. One year ago today, the ties between the United States and Colombia became much stronger with the implementation of the U.S.-Colombia Trade Promotion Agreement, which Acting Secretary of Commerce Rebecca Blank marked during her remarks today at a luncheon hosted by the American Chamber of Commerce and the Counsel of American Companies (CEA) in Bogotá, Colombia. 

Prior to the implementation of the Trade Promotion Agreement, also known as the U.S.-Colombia FTA, the average tariff rate on U.S. industrial exports to Colombia was higher than 10 percent. The agreement immediately eliminated tariffs on more than 80 percent of U.S. consumer and industrial exports to Colombia when it took effect last year, with the remaining tariffs being phased out within 10 years. This makes it easier for U.S. firms to export to Colombia. In fact, from June 2012 through March 2013, U.S. goods exported to Colombia have increased 19 percent compared to the same period in the year before. In 2012, U.S. goods exports to Colombia reached $16.4 billion and made up nearly a quarter of all Colombia’s imports of goods. 

Colombian firms have also benefited from the Trade Promotion Agreement, which experts estimate could create hundreds of thousands of Colombian jobs over the next few years. Under this agreement, more than 600 Colombian companies have started exporting to the United States for the first time, and Colombia continues to experience a trade surplus with the United States, its largest trading partner. 

Due in part to the Trade Promotion Agreement, U.S. businesses are increasingly interested in exploring trade with Colombia. The 20 firms accompanying Acting Secretary Blank on her trade mission this week represent just a snapshot of the U.S. business community that is looking for new opportunities to invest in Colombia. 

The U.S.-Colombia Trade Promotion Agreement is one tool helping the United States work toward the goals of President Obama’s National Export Initiative, a government-wide strategy to promote American exports and support an additional 2 million export-related jobs by the end of 2014. By working together, the United States and Colombia have successfully fostered economic growth and strengthened the relationship between both countries. The Commerce Department is committed to further strengthening this relationship by encouraging increased trade and creating more economic development opportunities for businesses in both countries. 

For more information about the U.S.-Colombia FTA, visit http://www.trade.gov/press/press-releases/2013/colombia-factsheet-051513.pdf

Commerce Secretary Locke Meets with Colombian President Uribe

Locke and Uribe shake hands across the conference table. Click for larger image.

U.S. Secretary of Commerce Gary Locke hosted a meeting with Colombian President Álvaro Uribe at the Commerce Department. This was the first meeting between President Uribe and Secretary Locke. Locke and Uribe discussed the importance of trade and commercial relations between the United States and the Republic of Colombia and the strides Colombia has made in improving security conditions, reducing violence and enhancing economic opportunities for its citizens under President Uribe’s leadership and the need for continued progress in these areas. (More)

Secretary Locke Discusses Trade Promotion Agreement with Colombian Minister for Trade

Minister Plata and Secretary Locke talk while seated in chairs. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a meeting with Colombia’s Minister for Trade, Industry and Tourism, Luis Guillermo Plata, at the Commerce Department today. This was the first meeting between Minister Plata and Secretary Locke. The Secretary and Minister Plata reaffirmed the commitment of both governments to move forward on progress towards the U.S.-Colombia Trade Promotion Agreement. The two leaders also underscored the importance of building stronger business ties through activities like joint cooperation in trade capacity-building for small- and medium-sized enterprises and good governance programs. (More)