The US would have an opportunity to increase the export of US farm products because the 11.3% percent tariffs on imported products that now exist would be eliminated in Colombia.

CENTERFORSECURITYPOLICY: The FTA with Colombia: the political dimension

Beginning October 31st, Panama will eliminate tariffs on more than 86 percent of U.S. industrial and consumer goods.

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Although India has broadly cut import duties and increased foreign-ownership limits over the past ten years, large sections of the economy remain sheltered by high tariffs and restrictions on foreign direct investment, which amounts to just 0.7 percent of India's GDP, compared with 4.2 percent in China and 3.2 percent in Brazil.

FORBES: A Richer Future For India

Passed down from the Cabinet of Prime Minister Mariano Rajoy on Friday, the plan is anchored by a 6 percent flat tax on energy production revenue, including both direct earnings and funds associated with feed-in tariffs (FITs).

FORBES: Spain Moves to Calm Energy Storm