Colombia CARICOM (Caribbean Community) Agreement on Trade

Free Trade Agreements of Colombia

Course summary Agreement on Trade, Economic and Technical Cooperation between the Caribbean Community (CARICOM) and Colombia:

The fundamental objective of this Agreement shall be to strengthen the trade and economic relations and technical cooperation between the Parties through:
a. the promotion and expansion of the sale of goods originating in CARICOM and Colombia with particular emphasis on exports from CARICOM States in the early stages of the implementation of this Agreement;
b. the promotion and protection of investments aimed at taking advantage of the opportunities offered by the markets of the Parties and strengthening their competitiveness in the international market;
c. the facilitation of the creation and operation of regional joint ventures;
d. the development of technical and scientific cooperation activities which may be agreed upon between the Parties;
e. the promotion of private sector activities, including business exchanges between the Parties.

In 2010, CARICOM exporters generated US$408.4mn in international sales from Colombia, whilst CARICOM economies spent US$581.2mn to import goods from Colombia. CARICOM Member States’ export sales from Colombia expanded by more than triple the growth in CARICOM’s import expenditure on Colombian goods between 2001 and 2010. Between 2001 and 2010, CARICOM exporters expanded their export sales generated in Colombia by an average of 30%, whilst Colombian exporters to CARICOM expanded their export sales by 10%.

St. Lucia was the most dynamic CARICOM exporter to Colombia between 2001 and 2010 with significant export sales generated from sales of light petroleum distillates (HS 271019) in 2010 (possibly from re-exports of refined products). Trinidad & Tobago, Barbados and Guyana also exhibited some dynamism, with Jamaica retreating from exporting to Colombia mainly because of a collapse of gypsum anhydrite sales.

Example of the course Agreement on Trade, Economic and Technical Cooperation between the Caribbean Community (CARICOM) and Colombia :

CARICOM has negotiated some reciprocity in the trade elements of the Agreement on Trade and Technical Cooperation with the Government of the Republic of Colombia, through a Protocol amending the original Agreement, ratified in May 1998. The first bilateral agreement between CARICOM and Colombia was secured in July 1994. The CARICOM/Colombia Agreement began as a non-reciprocal agreement but had to provide for a level of reciprocity to Colombia after a period – four years.

Agreement on Trade, Economic and Technical Cooperation between CARICOM and Colombia
Index
Preamble
Chapter I
Article 1 Objectives
Article 2 The Joint Council
Article 3 Meetings of the Joint Council
Chapter II
Article 4 Trade Liberalisation
Article 5 Treatment of Imports into Colombia from CARICOM
Article 6 Treatment of Imports into CARICOM from Colombia
Article 7 Treatment of Used Goods
Article 8 Duties
Article 9 Rules of Origin
Article 10 Technical Standards
Article 11 General Exceptions
Article 12 Trade Promotion
Article 13 Trade Financing
Article 14 Trade in Services
Article 15 Transportation
Article 16 Safeguard Clauses
Article 17 Unfair Trade Practices
Chapter III
Article 18 Economic Cooperation
Article 19 Technical Cooperation
Chapter IV
Article 20 Private Sector Activities
Article 21 Settlement of Disputes
Article 22 Evaluation of the Agreement
Article 23 Adherence to the Agreement by Other ALADI Member States and the Bahamas
Article 24 Annexes
Article 25 Termination
Article 26 Entry into Force
Article 27 Duration
Article 28 Amendments
Article 29 Transitional Measures

Annexes
- Annex I Products for which Immediate Duty Free Concession Will Be Offered by Colombia on Imports Originating in Caricom Member States Participating in the Agreement from 1 June 1998
- Annex II Products for which Immediate Duty Free Concessions Will Be Offered on Imports Originating in Colombia into the MDCS Of Caricom Participating in the Agreement from 1 June 1998
- Annex IV Products to Be Accorded Duty Reduction in the Markets of Caricom MDCS Participating in the Agreement on Imports Originating in Colombia from 1 January 1999

Example of the course Acuerdo de Alcance Preferencial Colombia CARICOM (Spanish):

 Educational level: Continuing education / Executive education programs.