In 2011, the protocol modifying the Free trade agreement between United Mexican States and the Republic of Colombia entered into force. The protocol formalizes the change of name of the agreement, incorporating new
export products and modificate some rules of origin.
The Free trade agreement Mexico - Colombia includes a tariff reduction program over a period of 10 years.
The United Mexican States is an important trade partner of
the Republic of Colombia, with the bilateral trade volume close to 2.7 billion USD and bilateral
Foreign direct investments (FDI) estimated at
410 million USD in 2008.
Since the entry into force of the Free trade agreement Mexico - Colombia, in 1996, exports
from Mexico to the Republic of Colombia were multiplied by 12, from 306 to 3,757 million USD (growth of 1,100%).
In the new agreement between the Republic of Colombia and
the United Mexican States were excluded coffee,
bananas, sugar, snuff and cocoa products.
Example of the course Free trade agreement Mexico - Colombia:
The Group of 3 (G-3) Agreement was negotiated among Colombia, Mexico
and Venezuela. Initially formulated within the framework of the Contadora peace
process in 1999.
Summary of the Free trade agreement Mexico - Colombia
- Access for products
- Reduction Schedule
- Automotive Sector
- Plant and animal health measures
- Rules and Certificate of Origin
- Customs Procedures
- Unfair trade
- International trade in services
- Financial Services
- Temporary Entry of Business Persons
- State companies
- Foreign direct investment (FDI)
- Intellectual Property Rights (IPR)
- Settlement of Disputes
- Administration of the Agreement
Free trade agreements of Mexico - Free trade agreements of Colombia