Colombia: Colombian Bank Usage Drops for the GSM-102 Program

  |   Attaché Report (GAIN)

FAS/Colombia is writing a series of reports on the opportunities and challenges for agriculture under the Colombia Trade Promotion Agreement (CTPA), which went into force in May 2012. This report analyzes the reasons behind the recent drop in participation of Colombian banks in the GSM-102 program. U.S. agricultural exports that have been facilitated through the GSM-102 program have been increasing steadily, from $30 million in 2012 to $227 million in 2014. Ironically, regional Latin American banks rather than Colombian banks are using GSM-102 for Colombia. The primary reasons behind this drop in participation include a more stable Colombian economy with higher levels of liquidity, as well as a global connectivity that has enhanced Colombian banks’ ability to access international lines of credit with longer repayment terms at lower funding costs (interest rates and administrative fees).

Colombia: Colombian Bank Usage Drops for the GSM-102 Program

Trade Policy, Colombia Trade Agreement, Export Financing
Western Hemisphere, Colombia

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.