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The 2014 Trade Winds program includes an Americas focused business forum consisting of regional and industry specific conference sessions as well as pre-arranged consultations with U.S. Foreign Commercial Service Senior Commercial Officers representing commercial markets throughout the region. The multiple trade mission stops will give participants the opportunity to conduct business-to-business meetings with firms in Colombia, Panama, Chile, Ecuador, and Peru.
With an increasing number of Free Trade Agreements having entered into force between the United States and South/Central American countries in the past few years, trade between the U.S. and Colombia, Panama, Chile, Ecuador, and Peru is booming. These countries now constitute some of the largest markets for U.S. exports. In 2012, Colombia was the 3rd largest market in Latin America and 22nd largest market globally. Additionally, these five Latin American countries alone account for at least US $60 billion dollars worth of exports from the United States, with a wide range of exports varying from the services sector to machinery and agricultural goods.
Colombia, Peru, and Chile are some of the fastest growing economies in the region, integrating well within the global economy by opening up their markets to many countries and maintaining a stable political and business environment. Competition of foreign products in these countries however is low, with a high degree of acceptance of U.S. products. The United States, has the dominant share of the import markets of these countries, and the projected growth of trade and investment in this region is unlimited. Participating in the Trade Winds Forum will allow U.S. companies to fully maximize their advantages in this promising region.