Saturday Feb 1, 2014 - Saturday Feb 8, 2014
The IEDA will lead a trade mission to Panama City, Panama and Bogota, Colombia February 1-8, 2014.
Panama has historically served as the crossroads of trade for the Americas and is a growing regional distribution hub. The U.S. is Panama's most important trading partner, with about 30 percent of the import market. U.S. products also enjoy a high degree of acceptance in Panama. In 2012, U.S. exports to Panama jumped 20 percent to $9.9 billion – in no small part due to the fact that Panama’s economy grew 10.6 percent in 2012. The Trade Promotion Agreement between the U.S. and Panama went into effect in October 2012, immediately dropping tariffs to zero on 87 percent of U.S.-made goods.
Colombia is the fourth largest economy in Latin America and has the third largest population. With the implementation of the U.S.-Colombia Free Trade Agreement on May 15, 2012, import tariffs were immediately eliminated on 80 percent of U.S. exports of consumer and industrial products to Colombia. Colombia is the third largest market for U.S. exports in Latin America with U.S. exports topping $16 billion in 2012, an increase of more than 14 percent over 2011. Iowa exports to both markets have seen steady growth in recent years, with an increase of nearly seven percent to Panama and 10 percent to Colombia for the first half of 2013. Participating Iowa companies will have one-on-one pre-qualified appointments whether they are seeking to develop or expand direct export sales, locate distributors or agents, conduct market research or have other goals. ALL industry sectors are invited to participate in this mission. The deadline for application is December 1, 2013.
See http://www.iowaeconomicdevelopment.com/intlevents/ for further details and contact Mark Fischer (meat or grain related companies and organizations) at 515.725.3140, firstname.lastname@example.org or Peggy Kerr (manufacturers) at 515.725.3143, email@example.com, for discussion.