Memorandum Handed to the Colombian Minister (Lozano) by the Assistant Secretary of State (Caffery), August 22, 1933
In handing to the Minister of Colombia a proposal designed to serve as the basis of a reciprocity agreement between the United States and [Page 223] Colombia, it is desired to call attention to certain trade figures which throw light upon the two schedules9 included in the text.
In 1931, according to figures compiled by the United States, exports to Colombia amounted to $16,052,000, of which it is estimated that $5,083,000 or 31.7 per cent., consisted of products of the varieties on which, under Schedule 1 of the Agreement, Colombia is asked to reduce its tariff rates. The corresponding figures of the Colombian customs authorities are 17,196,000 pesos, of which 5,722,000, or 33.3 per cent., represent the commodities upon which reductions are asked.
For 1932, figures of the United States export trade, but not of the Colombian import trade, are available. They indicate that, in 1932, exports from the United States to Colombia amounted to $10,670,000, of which $1,802,000, or 16.9 per cent., represented the products on behalf of which reduced tariffs are asked.
The foregoing figures are in sharp contrast to the corresponding figures illustrating Schedule 2, which contains the commodities which the United States agrees to continue on the free list, so long as the Agreement remains in force.
In 1931 the United States imported from Colombia products to the value of $75,481,000, of which $74,843,000, or 99.2 percent, represent the commodities which are included in Schedule 2. In 1932, imports into the United States from Colombia amounted to $60,845,000, of which $57,227,000, or 94.1 per cent., were the products which the United States proposes to keep on the free list when imported from Colombia.
It will be interesting, in this connection, to recall the fact that, in 1931, the total imports of Colombia, in United States dollars, amounted to $39,640,000, of which $16,505,000 or 41.9 per cent., came from the United States. The percentage remained approximately the same for 1932, though the value of the products in dollars declined considerably. Of the total exports of Colombia, in 1931, which were valued at $94,647,000, the exports to the United States amounted to 83.1 per cent., or $78,639,000. The corresponding figures for 1932 show total exports of $67,067,000, of which $51,497,000, or 76.7 percent, were to the United States.