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China, Colombia Initiate Free Trade Talks 5/11/2012 Colombian President Juan Manuel Santos has welcomed the conclusion of a total
of nine cooperation agreements with China during a recent official visit to Beijing, where
it was agreed that the two countries would commence discussions on the feasibility
of a bilateral free trade agreement.
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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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US, Colombia FTA Effective In May 4/18/2012 The Presidents of the United States and Colombia announced at a joint
press conference in Cartagena that a landmark Free Trade Agreement between the two nations will become effective
on May 15, 2012, gradually exempting the vast majority of goods from bilateral trade taxes.
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WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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Netherlands To Extend Tax Treaty Network In South America 3/28/2012 Dutch State Secretary for Finance Frans Weekers is currently conducting a working visit to South America, with the intention of extending the country’s tax treaty network.
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The Netherlands Ups Tax Treaty Negotiations In 2012 2/21/2012 Underlining the government’s commitment to negotiating new tax treaties
with other countries, the Dutch finance ministry has recently outlined details
of its specific plans for 2012.
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Canada, India Conclude Latest FTA Talks 2/17/2012 Canada and India hope to complete negotiations on a comprehensive economic partnership agreement in 2013, ministers say, as the latest round of trade talks concludes.
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Peru, Mexico FTA Comes Into Force 2/3/2012 An updated free trade pact between Peru and Mexico, which will increase the number
of tariff items with preferences attached to 12,000, entered into force on February
1, 2012.
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Mercosur Announces Protectionist Import Duty Hikes 1/4/2012 The South American trade bloc, Mercosur is to slap the maximum rate imposable, 35%, on the import of one hundred additional goods, likely on a temporary basis until December 2014, Brazil's
Minister for Finance has announced.
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US Busts Extensive Panamanian Money-Laundering Racket 1/3/2012 The US Department of the Treasury's Office of Foreign Assets Control has announced
a major crackdown on an extensive money laundering network based primarily in
Panama, which includes several money exchange businesses based in the nation.
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Canada Notes Significant Progress On Free Trade In 2011 12/28/2011 The Canadian government has noted the conclusion of a productive third round of
negotiations with India towards a free trade agreement, in talks in Delhi and
at the Eighth Ministerial Conference of the World Trade Organisation, rounding off a hugely sucessful year for Canada in its quest to achieve freer trade links with its trading partners.
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Obama Signs Trade Pacts 10/25/2011 US President Barack Obama has signed the implementing legislation for
the United States free trade agreements with South Korea, Colombia and
Panama, as well as a bill providing benefits to US workers losing their jobs as a result of freer trade.
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US Congress Finally Passes FTAs 10/14/2011 Both the House of Representatives and the Senate have, in quick succession, passed
implementing legislation for the long-awaited United States free trade agreements
(FTAs) with South Korea, Panama and Colombia, which will now be passed to President
Barack Obama for his signature.
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Obama Submits Pending FTAs To Congress 10/5/2011 Amidst general calls for a swift Congressional reaction, President Barack Obama
has formally submitted the legislation for the three pending free trade agreements between the United States and South Korea, Colombia, and Panama, along
with renewal of the Trade Adjustment Assistance measures and the expired Generalized
System of Preferences trade program.
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Republican Senators Urge Obama to Send FTAs To Congress 10/3/2011 Republicans from the United States Senate, including Senate Leader Mitch McConnell
and its Finance Committee Ranking Member Orrin Hatch (pictured), have sent a letter to President
Obama urging him to submit the pending free trade agreements with Colombia,
Panama, and South Korea to Congress for a vote.
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US Senate Tries To Push Pending FTA Approval 9/27/2011 The United States Senate has voted, on a bipartisan basis, to renew the Generalized
System of Preferences and Trade Adjustment Assistance, in the hope
that it will prompt action from President Barack Obama to present the pending
free trade agreements to Congress.
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Canadian Government Explains Benefits Of EU FTA 9/19/2011 Canada’s Minister of International Trade and Minister for the Asia-Pacific Gateway has been explaining the government’s intention to forge ahead with an ambitious job-creating, pro-trade plan, which includes the conclusion of a free trade agreement with the European Union.
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South Korea, Colombia Look To Complete FTA This Year 9/16/2011 At a summit meeting in Seoul between South Korea’s President, Lee Myung-bak,
and Colombia’s President, Juan Manuel Santos Calderon, it was agreed that
the two sides would make an effort to conclude the proposed South Korea-Colombia
free trade agreement by the end of this year.
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Caribbean Territories Sign Up To Anti-Corruption Drive 9/15/2011 A number of offshore Caribbean territories have notified their consent to receive
on-site visits to evaluate their compliance with the Inter-American
Convention against Corruption.
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House Approves US Generalized System Of Preferences 9/12/2011 The Republican Party has, with a bipartisan vote in the House of Representatives,
introduced and passed a renewal of the United States’ Generalized System
of Preferences, and hope that it will prompt some action from President
Barack Obama and the Democrat Party to present the pending free trade agreements to Congress.
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European Commissioner Reviews IPR Policies 9/12/2011 During a speech in Brussels on international trade and intellectual property rights,
Karel De Gucht, the European Commissioner for Trade, stressed his commitment to
ensure effective protection of those rights both within the European Union and abroad.
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Switzerland Agrees Two Revised DTAs 8/30/2011 The Swiss Federal Council has announced that it has initialled two agreements amending the double tax avoidance treaties with Colombia and Portugal.
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US Congress Fearful Of Canada-Colombia FTA 8/18/2011 The United States House of Representatives Ways and Means Committee Chairman Dave
Camp (pictured) and the Senate Finance Committee Chairman Max Baucus have expressed bipartisan
concern at the effect on American exporters of the entry into force of the Canada-Colombia
free trade agreement on August 15.
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Swiss, Colombian DTA Approved 7/20/2011 The new bilateral double taxation agreement between Columbia and Switzerland
is due to enter into force from January 1, 2012, according to the Swiss federal
administration.
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Congress Split On Trade Assistance Law 7/7/2011 The United States House of Representatives Ways and Means Committee has issued
a notice of a meeting to consider the draft implementing proposals for the pending
free trade agreements with Colombia, Panama and South Korea, but without
the extension to Trade Adjustment Assistance which the government had included.
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Republicans Boycott US Senate FTA Review 7/6/2011 The United States Senate Committee on Finance was unable to begin
its review of proposed legislation to implement the three pending free trade
agreements with South Korea, Colombia and Panama, as a scheduled committee meeting was
inquorate when no Republican members attended.
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US Senate Takes Pending FTAs Forward 7/1/2011 On June 30, the United States Senate Committee on Finance began to review and
make recommendations on proposed legislation to implement the three pending free
trade agreements with South Korea, Colombia and Panama, that also includes
an extension of Trade Adjustment Assistance.
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Ecuador Improving Its Trade Relations 6/22/2011 Ecuador has participated in a series of meetings and negotiations with various jurisdictions, in an effort to strengthen its international trade relations.
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Portugal Begins New DTA Negotiations 6/21/2011 The Portuguese government is seeking to expand its tax treaty network, beginning negotiations with three new countries over the last month: Peru, Gabon and Senegal.
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US Confirms Colombia Has Abided By FTA Action Plan 6/16/2011 The United States Trade Representative Ron Kirk has announced that Colombia has
met the milestones slated for completion by June 15, under the Action Plan Related
to Labor Rights that was agreed by the two governments in April this year.
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Colombia, Turkey Start FTA Talks 6/3/2011 Colombia and Turkey have begun formal negotiations for a free trade agreement, which, if successfully concluded, it is hoped, will herald new trade and investment opportunities, and provide substantial economic benefits.
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Trade Policy Crucial To LatAm, EU Partnership 5/26/2011 A successful trade policy is one of the key tools with which a continuing bi-regional partnership is to be achieved, the Euro-Latin Parliamentary Assembly has argued, setting out what it sees as the prospects for trade relations between the European Union and Latin America.
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India, Colombia Announce DTAA 5/18/2011 India and Colombia have inked a Double Taxation Avoidance Agreement (DTAA), designed to provide tax stability to residents, ensure mutual economic cooperation, and stimulate investment between the two countries.
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White House Ties FTA Approvals To Jobs Aid Package 5/19/2011 Gene Sperling, Director of the National Economic Council, has disclosed that the United States'
three pending free trade agreements with South Korea, Panama and Colombia
will probably be delayed if expansion of the Trade Adjustment Assistance programme cannot be agreed at the same time.
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FTAs To Boost US Agriculture, Says Kirk 5/17/2011 The United States House of Representatives Agriculture Committee has held a public
hearing to examine the three pending free trade agreements with Colombia,
Panama, and South Korea, and the issues surrounding their implementation.
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US Senate Takes Up Colombia FTA 5/16/2011 US Senate Finance Committee Chairman Max Baucus kicked off Senate consideration of the US-Colombia Free Trade Agreement on May 11, touting the USD2.5bn boost to the US economy that the implementation of the agreement will bring and the significant progress on labor rights made by Colombia.
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LatAm & Caribbean Sees Influx Of Foreign Direct Investment 5/9/2011 Latin America and the Caribbean saw a 40% increase in Foreign Direct Investment during 2010, with a further upsurge of 15% - 20% expected in 2011, according to a new report by the Economic Commission for Latin America and the Caribbean.
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USTR Ready To Discuss FTA Bills With Congress 5/6/2011 The United States government has indicated its readiness to begin technical discussions with
congressional staff on the draft implementing bills and draft statements of
administrative action for the pending free trade agreements with South
Korea, Colombia, and Panama.
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Latin America's 'Decade Of Opportunity' Discussed 5/4/2011 Latin America's emergence as an important area of interest for trade and investment has been highlighted over the course of two recently held events. Delegates at an influential forum have argued that the region has a "decade of opportunity" ahead of it, while a round table discussion on relations with the European Union stressed that a unique chance exists for the strengthening of such ties.
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Latin American Trade Bloc Deal Draws Closer 4/29/2011 Latin American nations look set to draw their trade regimes closer together, as Mexican, Chilean, Colombian and Peruvian ministers gathered in Lima to press forward with the signing of a free trade bloc agreement.
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Peru, Mexico Agree New Free Trade Deal 4/11/2011 After five years’ negotiation, Mexico and Peru have signed an agreement to expand
the number of products that are exempt from trade tariffs, described
by Peruvian President Alan Garcia as a key step towards concluding a more ambitious
four-party free trade pact to include Chile and Colombia.
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Obama To Send Colombian FTA To Congress 4/8/2011 The United States Trade Representative has announced that the United States and
Colombia have agreed an action plan to improve labour rights in Colombia and clear
the way for the US-Colombia Trade Promotion Agreement to move forward to consideration
by the US Congress.
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USTR Explains Delay To Panama FTA 4/1/2011 At a recent hearing of the Subcommittee on Trade of the House of Representatives’
Committee on Ways and Means, the Deputy United States Trade Representative Miriam
Sapiro confirmed that the Administration continues to work to advance the pending
free trade agreement with Panama.
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Caribbean, Latin America Seek Closer US Trade Ties 3/28/2011 The Economic Commission for Latin America and the Caribbean has taken the opportunity of the presence of US President, Barack Obama in Latin American nations to call for
the commencement of trade negotiations between the two continents and the United
States, noting that conditions are now right.
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USTR Explains Delay To FTA With Colombia 3/23/2011 At a recent Congressional hearing, the Deputy United States Trade Representative Miriam Sapiro explained the reasons for the continued delay to the presentation
of the free trade agreement with Colombia.
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Republicans On Trade Offensive 3/17/2011 The Republican leader in the United States Senate Mitch McConnell, the Republican
ranking member for the Senate Finance Committee Orrin Hatch, and 42 further Republican
senators, have written a letter to the Democrat Senate majority leader Harry Reid,
which looks to force President Obama to present the pending free trade agreements with Colombia and Panama to Congress forthwith.
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Mexico To Strengthen Regional Trade Ties 3/11/2011 Latin American countries have been looking to deepen their free trade arrangements and to further trade negotiations, with the Mexican economy minister providing evidence before the senate on the matter.
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US Progressing Pending FTAs 3/11/2011 In his testimony before the United States Senate’s Finance Committee on
March 9, the United States Trade Representative Ron Kirk gave further details
on the government’s efforts to progress the pending free trade agreements with South Korea, Panama and Colombia.
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WIPO To Support South American Patent Collaboration 3/7/2011 The World Intellectual Property Organization has responded positively to
a request by a group of nine South American countries – Argentina, Brazil,
Chile, Colombia, Ecuador, Paraguay, Peru, Suriname and Uruguay – to assist
in their efforts to improve services to local and international users of their
intellectual property system.
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US Republicans Repeat Call For Presentation Of FTAs 3/4/2011 Following the delivery to the United States Congress of President Obama’s
2011 Trade Policy Agenda and his 2010 Annual Report on the Trade Agreements Programme,
Republican leaders in the House of Representatives have expressed disappointment
that a concrete plan was not laid out for the presentation of all pending free
trade agreements.
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WTO Reviews Transparency Mechanism For RTAs 2/15/2011 The World Trade Organization's Negotiating Group on Rules, on February 4, 2011, commenced its review of the WTO Transparency Mechanism for Regional Trade Agreements by considering two proposals: one from the United States for the consideration of all RTAs under a single WTO Committee; and one from Ecuador for procedural adjustments to the mechanism.
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US To Resolve Issues In Colombia, Panama FTAs 2/14/2011 In his first-ever testimony to the Ways and Means Committee of the House of Representatives
on February 9, United States Trade Representative Ron Kirk has stressed that the
government is attempting to resolve the problems it sees within the pending free
trade agreements with Colombia and Panama.
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Republicans Pressure Obama On Pending FTAs 2/10/2011 The United States Senate Republican Leader, Mitch McConnell, has pledged his party’s support to President Obama for an immediate passage of the pending US free
trade agreements with Colombia and Panama.
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MEPs Approve Deal On Latin American Banana Imports 2/8/2011 The 2009 Geneva agreement on European Union import tariffs for bananas from
Latin American countries, which is designed to end the longest-running dispute
in the history of international trade, has received the backing of the European
Parliament.
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Peruvian Tax Change Means Exchange Merger Go-Ahead 1/6/2011 The Peruvian parliament has approved a reduction in capital gains tax, which will
allow a proposed merger of the Peruvian, Colombian and Chilean stock exchanges
to be completed.
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South Korea Seeks FTA With Mercosur 1/4/2011 Following a meeting in Brazil between the new Brazilian President, Dilma Rousseff,
and South Korea’s Prime Minister, Kim Hwang-sik, it was disclosed that the
latter had emphasized South Korea’s willingness to begin free trade agreement negotiations with Mercosur.
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Canada Announces Royal Assent To Tax Treaties 12/22/2010 Jim Flaherty, Canadian Minister of Finance, has announced that legislation to implement tax treaties signed with Colombia, Greece and Turkey, has received Royal Assent.
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Singapore, Colombia To Start FTA Talks 11/23/2010 Colombia’s Minister of Commerce, Industry and Tourism, Sergio Diaz-Granados,
has disclosed that his country is to commence talks with Singapore on a bilateral
free trade agreement.
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Colombia To Remove Special Capital Allowance 10/20/2010 Colombian finance minister, Juan Carlos Echeverry, has announced a package of tax reform measures which are being presented to congress, which includes scrapping the 30 % fixed assets investments special deduction.
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Tax Affects Stock Market Merger In Latin America 9/28/2010 Chile, Peru, and Colombia are on schedule to reach the first stage of consolidation of their markets in stock and depositary trusts by November 22, but have faced challenges in the integration process, including tax administration.
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USTR To Resolve KORUS FTA Issues 9/27/2010 Ambassador Ron Kirk, the United States Trade Representative, in his recent remarks
to the Coalition of Service Industries 2010 Global Services Summit in Washington,
confirmed that he looked forward to resolving the outstanding issues with the
South Korea-US free trade agreement.
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Colombia, Portugal Sign DTA 9/6/2010 A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.
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Chile Plans Capital Market Tax Reforms 8/11/2010 Chile has scheduled a new bill for Congress this month which aims to clarify the tax treatment of derivative products. It is accompanied by another bill on insurance.
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Canada, Colombia To Iron Out Final FTA Issues 8/6/2010 The Canadian Minister of Agriculture, Gerry Ritz on August 5 announced a special
round of bilateral technical discussions between the Canadian Food Inspection
Agency and Colombia's Instituto Colombiano Agropecuario, to take place on August 18, 2010.
The meetings are being called to resolve outstanding technical issues to pave the way for the ratification of a free trade agreement between
the two countries.
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Mercosur Agrees Customs Code 8/5/2010 After six years of difficult negotiations, the Mercosur trade bloc has reached agreement on a common customs code which is to be phased in by 2012.
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Colombia, Korea Sign DTA 7/30/2010 Colombia and Korea have signed an agreement to avoid double taxation and a financial cooperation agreement in Bogota.
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Colombia Suspends VAT 7/29/2010 A 30 day 'social emergency' has been declared in 37 Colombian municipalities that border Venezuela and the country’s 16% VAT has been suspended in these areas on specified commercial transactions, in order to mitigate economic problems arising from Venezuela's decision to sever all relations with Colombia.
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CGT Blamed For Plunging Stock Trades In Lima 7/19/2010 Roberto Hoyle , president of the Lima Stock Exchange, has blamed the fall in trading volumes on the exchange in the first six months of 2010 on the capital gains tax introduced at the end of 2009.
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South Korea Looks For FTAs In Central America 7/6/2010 South Korea’s President, Lee Myung-bak, has held recent meetings with the
leaders of Panama and the other countries in the Central American Integration
System, Colombia and Mexico, and has attempted, with each, to progress
discussions on bilateral free trade agreements.
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Continuity Candidate Wins Colombian Presidency 6/22/2010 Colombia has rejected tax and spend green candidate, Antanas Mockus, decisively in the presidential elections in favour of the continuity candidate, Juan Manuel Santos. The former defense minister previously had also held the post of finance minister in the Uribe administration.
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Clinton Would Tax Rich In South America 6/14/2010 US secretary of state, Hillary Clinton continues to bang the drum for raising taxes in order to modernize in her latest South American tour, which takes in Peru, Ecuador and Colombia, saying that in many places "it was a simple fact that the wealthy did not pay their fair share."
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US Senators Call For FTAs' Ratification 6/4/2010 United States Senator, Orrin Hatch (pictured) and fifteen other Senators have sent a letter
to President Obama requesting that he propose a specific timeline for the
enactment of the long-delayed free trade agreements with South Korea, Colombia
and Panama.
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Colombian Candidates Debate Tax 6/1/2010 Tax-and-spend green presidential candidate, Antanas Mockus, suffered a setback in the first round of the Colombian elections, winning only 21% of the vote against the conservative candidate, Juan Manuel Santos, with 47%.
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EU Signs Trade Deal With Peru, Colombia 5/21/2010 Peru and Colombia have signed up to a free trade agreement with the European Union at a ceremony in Madrid.
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EU Reviews Developing Country Trade Policy 3/17/2010 Karel De Gucht, the European Union Commissioner for Trade, in a speech on
'EU Trade Policy Towards Developing Countries' at a seminar
in Brussels, has discussed how those countries can be helped to move from being
partners in development aid to becoming partners in trade.
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Baucus Seeks Trade Preference Reform 3/15/2010 Senate Finance Committee Chairman Max Baucus is leading
efforts for reform of US trade preference programs accorded to
developing countries.
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Panama And Colombia Discuss FTA 2/12/2010 Negotiations on a Free Trade Agreement between Panama and Colombia began in
earnest on February 10, and Colombian President, Alvaro Uribe has expressed hope that an agreement could
be achieved in a matter of weeks.
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