Colombia Essay Example | Topics and Well Written Essays - 750 words

Colombia - Essay ExampleColombia is already the 21st largest market for the export activities for the U.S. And now since the approval of U.S.-Colombia Trade Promotion Agreement by the President of United States Of America, Barack Obama, it is most sure that the existing trading opportunities result increase even more significantly. This agreement ensures that the U.S. interests will be saved succession upholding the rule of law in Colombia. Colombia is a very risk adverse country, thus while it will feel no threat to its legal structure and culture, it will help reduce the look at barriers, creating a more stable environment that will lead to cheaper and easier export of products and services for the U.S. traders. According to the statistics give tongue to by export.gov, the U.S. international Trade Commission is forecasting an increase of U.S. GDP by nearly $2.5 gazillion and U.S. merchandise exports by close $1.1 billion, because of the probable elimination of tariffs and related encumbrances in Colombia. According to an estimate almost 80% of the export of consumer and industrial products will become duty free and the remaining tariffs will be distributed over a period of 10 years. Especially after the estimated comprise of duties of $70 million, from 2008 to 2010, these reductions of charges will significantly lower our costs of trading thus guaranteeing that our products will be distributed on a more cost effective basis and in this way we can focus on a larger scattering plan for our chocolate products in Colombias market base. Colombia has signed agreements with EU in 2008 along with umpteen other countries, some of which include Canada, Chile, El Salvador, Mexico and Guatemala. So after the implementation of its agreement, the exporters of EU are evaluate to enjoy a benefit of 4.1% average tariff over the U.S. exporters, but if the U.S. Colombia TPA is brought into action at the uniform time it will give us an advantage of 1.7% tariff ove r the EU. So its straighten out that as soon as these policies are implemented, we will have an advantage over other potential drop global competitors in the form of cost effectiveness, this way we will be able to focus on our distribution and marketing plans kind of than fretting over our unavoidable costs relating to our export. Custom procedures have also been change except the fact that the imports are kept in holding for sometime before released, consequentially we will have to make sure that our products are able to survive without refrigerators for a few days Colombia has a population of 45 million. Its largest cities are Bogota D.C. Medellin, Cali, Barranquilla and Cartagena. So we will be focusing on them initially. It has cardinal legislative houses Senate and the House of Representatives. The president, who is elected only for a single term of four years, is both the point of state and the head of government. So while we are there we will have to follow the policies therefore so as to not jeopardize our relations with the government. The main language of the country is Spanish. Many occupancy people have the understanding of English language but as it is not that widely still or spoken so we will have to make sure that the labels of our chocolate products read in Spanish. 95% of the population is Roman Catholic but freedom of religion is guaranteed. The people are exceedingly ambitious and status oriented. But the culture as a whole is yet collectivist rather than individualistic. People are very loyal to their own communities or groups and highly competitive towards other genial classes. And the more they are tied to highly stabilized and influential corporative groups, as a reward to their performance, the more favors and benefits they can derive from the community. Socially,