Free Trade Agreement (FTA) Mexico - Colombia

Course summary Free Trade Agreement (FTA) Mexico - Colombia:

On 02 August 2011, the Protocol Modifying the Free Trade Agreement between Colombia and Mexico entered into force. This instrument formalizes the change of name of the agreement, incorporates new products into the tariff relief program and modifies certain rules of origin for the benefit of the economic agents of both countries.

The FTA includes a tariff reduction program over a period of 10 years.

Mexico is a very important commercial partner of Colombia, with the trade volume close to 2.7 billion U.S. dollars and bilateral investments estimated at 410 million dollars in 2008.

Since the entry into force of the FTA Colombia - Mexico, in 1996, Mexican exports to Colombia were multiplied by 12, from 306 to 3,757 million dollars, a growth of 1,100 percent.

In the new trade agreement between Colombia and Mexico were excluded coffee, bananas, sugar, snuff and cocoa products

The Group of Three (G-3) Agreement was negotiated among Colombia, Mexico and Venezuela. Originally formulated within the framework of the Contadora peace process, the decision to negotiate a free trade agreement was announced at the Fifth Ministerial Conference between Central American Countries, members of the European Economic Community and the Contadora group, held in San Pedro Sula, Honduras on 28 February 1999.

The G-3 free trade agreement was signed on 13 June 1994 and was registered with ALADI as Economic Complementation Agreement (ACE) No 33.

In 2004, Panama requested inclusion into the G-3.

As of November 19, 2006, only Colombia and Mexico participate in the G-3.

In August 2009, after two years of negotiations, Colombia and Mexico concluded the modifications to the FTA and signed five decisions featured in the Amending Protocol referring to market access for goods, the modifications to the rules of origin, the Committee for Regional Integration of Inputs, additional legal authority to the Administrative Committee and the name change of the agreement.

Example of the course Free Trade Agreement (FTA) Mexico - Colombia:

Outline of the Free Trade Agreement (FTA) Mexico - Colombia
- Initial Provisions
- General Definitions
- Access for Goods
- Reduction Schedule
- Schedules
- Automotive Sector
- Plant and animal health measures
- Rules of Origin
- Specific Rules of Origin
- Customs Procedures
- Safeguards
- Unfair International Trade
- Trade in Services
- Telecommunications
- Financial Services
- Temporary Entry of Business Persons
- Technical Standards
- Procurement
- State Enterprises
- Investment
- Intellectual Property
- Settlement of Disputes
- Administration of the Agreement
- Transparency
- Exceptions
- Final Provisions

(Source: SICE)

Free Trade Agreements (FTA) of Mexico - Free Trade Agreements of Colombia

 Educational level: Continuing education / Executive education programs.