The Colombian American Association was organized in 1927 as the Colombian-American Chamber of Commerce and incorporated in the State of New York in 1931. Its name was changed in 1975.
The founder of the Chamber was Germán Olano, a Colombian businessman residing in New York who later became the Consul General of Colombia. The organizational meeting, held on April 27, 1927, at the Hotel Pennsylvania, was chaired by Phanor J. Eder, a partner of Hardin, Hess and Eder. Joseph Carter of R. W. Hebard & Co. acted as Secretary and Rafael del Castillo was elected President.
- To facilitate commerce and trade between the Republic of Colombia and the United States of America.
- To foster and advance cultural relations and goodwill between the nations.
- To encourage sound and safe investments in Colombia by Americans and in the United States by Colombians.
- To disseminate accurate information concerning Colombia in the United States.
- To take any proper measures to these several ends that may protect, promote, and encourage close, friendly relations between the two countries aforementioned and their people.