Congress passed the Colombia Free Trade Agreement (FTA) in October 2011. The impact of the FTA, which went into effect in May 2012, already is being felt in the pork sector.The comprehensive agreement covers a number of agricultural commodities and has Colombia opening its market to duty-free imports, with virtually all remaining tariffs to be eliminated within 15 years. Colombia immediately eliminated duties on wheat, barley, soybeans, soymeal and flour, high-quality beef, almost all fruit and vegetable products, peanuts, whey, cotton and the vast majority of processed products. The FTA also provides duty-free tariff rate quotas (TRQ) on standard beef, chicken leg quarters, dairy products, corn, sorghum, animal feeds, rice and soybean oi...