CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Colombia-Peru-EU FTA Closer To Full Implementation

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.

TAGS: free trade agreement (FTA) | export duty | tariffs | Colombia | Ecuador | Bolivia | Peru | import duty | trade | European Union (EU) | Europe | South America

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



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 »