Global Delaware’s trusted trade representative for Mexico will now also provide Delaware companies with support in Colombia as well.
Miguel brings more than four decades of international trade experience to the position, with extensive knowledge of consumer and industrial markets throughout Latin America.
Miguel earned his MBA from the University of the Americas in Mexico City and has gone on to a successful career in marketing and business development in the region. He has years of hands-on experience in marketing, field sales and management in Mexico and the Caribbean, as well as Central and South America. This experience, coupled with his extensive network, make Miguel an ideal liaison to assist Delaware companies identify opportunities and provide support in the region.
Colombia is Latin America’s fourth-largest economy after Brazil, Mexico, and Argentina, with approximately 49 million inhabitants. Major security improvements and steady economic growth in the country have increased its commercial and investment ties to the United States, Europe, Asia and the rest of Latin America, making it an attractive prospect for Delaware companies looking to grow their business overseas.
The United States is Colombia’s largest trading partner and Colombia was the 22nd largest market for U.S. exports in 2016. Colombia’s ranking as an export market for U.S. agricultural products jumped from 24th place in 2011 to 12th place in 2016. Agriculture exports to Colombia from the United States were valued at USD 2.38 billion in 2016, more than double their 2011 value. Cereals, especially corn, saw the greatest gain in real terms. Other agricultural products of interest include pork, chicken, seafood, soy products, dairy, and beans.
Other U.S. exports to Colombia that have enjoyed significant growth since the implementation of the U.S.-Colombia Trade Promotion Agreement (TPA) in May 2012 include aircraft and aircraft parts, which benefited from the elimination of a five percent tariff. These exports earned an average of nearly USD 700 million per year over the period 2012-2016, up from USD 334 million in 2011. Exports of pharmaceutical products, which amounted to USD 200 million in 2011, have averaged USD 270 million per year under the TPA.
Other opportunities for U.S. exporters include: automotive parts and accessories; computer hardware and software services; IT equipment and services; electrical power systems; safety and security equipment; food and beverage processing and packaging equipment; medical equipment; plastics materials and resins; oil and gas equipment; mining equipment; and franchising.
Meet Miguel in person!
Miguel is visiting Delaware next month at Global Delaware’s annual “Meet the Reps” event. Join us to explore opportunities for your business in Colombia and Mexico.
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