U.S. Colombia Sign Free Trade Agreement

Published: 05/01/2012

WASHINGTON — Trade representatives from the United States and Colombia recently signed a free trade agreement which will eliminate the South American country’s import tariff on U.S. spirits.

Under the agreement, effective May 15, Colombia’s 15 percent tariff on U.S. produced brandy, gin, liqueurs and certain other spirits will be eliminated. The 15 percent tariff on U.S. whiskey, rum, and vodka will be reduced to 14 percent in 2014, and further reduced by 2 percentage points annually until the duties are completely eliminated.