Colombia-Peru-EU FTA Closer To Full Implementation
by Mike Godfrey, Tax-News.com, Washington
11 November 2014
Colombia's Foreign Ministry announced on November 6, 2014, that the country has completed the domestic procedures necessary to fully implement a free trade agreement (FTA) with the European Union (EU) and Peru.
The FTA has been applied provisionally between the EU and Colombia since August 1, 2013. The South American country is now waiting for the agreement to be ratified by nine EU member states, the Foreign Ministry said.
It is expected that, once fully implemented, the deal will result in total tariff saving for European, Colombian, and Peruvian companies of more than EUR500m (USD623m) per year.
The door is open for the other Andean countries – Ecuador and Bolivia – to enter into the partnership.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Umm Al Quwain Free Trade Zone »
- BVI International Focus »
- Tax Domicile Certificate »
- what sort of Brexit will it be? »
- How to Choose a Registered Agent for your Business »
- flummoxed, confounded, bemused, and bewildered »
- Responding to Challenges »
- How to Keep Your Wealth Secure and Make a Profit in Turbulent Economic Times »
- Hong Kong Business Entity Types and Characteristics »
- encountering Kryptonite »