EU – Andean Community Regional Association Agreement
Countries include the EU nations, Colombia, Ecuador, and Peru. Even though Bolivia is technically an Andean nation, it is only being considered for the agreement at this time. The agreement includes goods and services, government procurement, foreign investment, reduced import duties, intellectual property rights, sustainable development, and more. Some of the primary goods traded through the agreement are agricultural products, fuels, manufactured goods, mining products, chemicals, and machinery and transport equipment.
Colombia – Canada Free Trade Agreement
This FTA is quite basic in comparison to some of Colombia’s other agreements. Tariff reductions are quite limited to a few industries such as oil and gas, information and communications technology equipment, mining, and duty-free elimination on all agricultural products. The agreement also allows for greater investment opportunities in industries such as agriculture, manufacturing, oil and gas.
Colombia – European Free Trade Association (EFTA)
Countries include the EFTA nations and Colombia. As with most European and Latin American agreements, the focus of this agreement is to encourage trade in various services and goods, improvements in foreign investment, and the protection of intellectual property rights as well as government procurement, dispute settlement, and administration.
Colombia and Peru – European Union
Countries include the EU nations, Colombia, and Peru. This agreement concentrates on eliminating trade barriers while protecting human and labor rights in addition to strengthening political relations and democratic support. It also promotes job growth, sustainable development, and investment. Some of the most commonly traded goods are fish, agriculture, pharmaceuticals, beverages, and much more.
Mexico – Colombia
Countries include Mexico and Colombia. While the original agreement included Venezuela, the country withdrew its participation in 2006. Mexico and Colombia have since expanded upon the original FTA to include areas such as rules of origin, market access, and a trade integration committee. These amendments are in addition to protections such as tariff reductions on goods and services, government procurement, investment, anti-dumping, and intellectual property rights protections.
Colombia – Northern Triangle Free Trade Agreement
Countries include Colombia, El Salvador, Guatemala, and Honduras. This agreement is rather advantageous for all participating nations. Market access for products receive national treatment, trade of both products and services, e-commerce, rules of origin, government procurement, and more. The FTA also permits foreign direct investment for all nations involved.
Colombia – USA Free Trade Promotion Agreement
Countries include the USA and Colombia. All industrial and consumer goods that meet the country of origin definition proposed in this agreement that are imported and exported between Colombia and the US are 100% duty free under this FTA. As a result of the Agreement, 80% of all goods are able to be imported into Colombia without tariffs. Service-industry benefits are also a part of this agreement as well as additional intellectual property protection.
In negotiations:
● Colombia – Japan
Signed, however not yet in Force:
● Colombia – Korea
