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WASHINGTON — After weeks of intense negotiations, the U.S. and Colombia have agreed on a free-trade pact.
The Obama administration said the agreement came together after the Colombians agreed to offer greater protections for workers and union leaders. It estimates the final pact will boost U.S. exports to Colombia by more than $1 billion a year and could support thousands of American jobs.
Under the agreement, 80 percent of consumer and industrial products the U.S. exports to Colombia will become duty-free, with the remaining tariffs phased out over the next 10 years. More than half of U.S. agriculture exports to Colombia also would become duty-free, with almost all tariffs eliminated within 15 years. The Associated Press
