The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (0.9% in 2010), ranking 20th among U.S. export markets and 25th as a source of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 1.9%).

This report briefly discusses Plan Colombia, a bilateral cooperation program aimed at improving Colombia's security and strengthening its democratic development.

This report provides background on Colombia's armed conflict and describes its key players. It briefly analyzes prior negotiations with the Revolutionary Armed Forces of Colombia (FARC) and the lessons learned from those efforts that apply to the current talks. It examines what has transpired in the talks that have now lasted for more than a year and a half, considers some of the constraints that could limit the success of the peace talks, and looks at the prospects for the current negotiations.