In 2011, the protocol modifying the Free Trade Agreement between the United Mexican States and the Republic of Colombia entered into force.
This Protocol formalizes the change of name of the agreement, incorporating new export products and modify some rules of origin;
The Free Trade Agreement (FTA) Mexico-Colombia includes a tariff reduction programme over a period of ten years;
In the new agreement between the Republic of Colombia and the United Mexican States were excluded coffee, bananas, sugar, snuff, and cocoa products;
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 Mexico-Colombia Free Trade Agreement.
Mexico is a significant
trading partner of the Republic of Colombia, with a bilateral trade volume close to 2.7 billion dollar and a bilateral Foreign direct investments estimated at 410 million dollars;
Since the entry into force of the Mexico-Colombia Free Trade Agreement (FTA), in 1996, exports from Mexico to the Republic of Colombia were multiplied by 12, from 306 to 3,757 million dollars (growth of 1,100%).
The Free Trade Agreement (FTA) between Mexico and Colombia operates in the Latin American Economic Area (Western Civilization).
(c) EENI Global Business School (1995-2023)
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