COLOMBIA - CHILE AGREEMENT

TRADE AGREEMENTS World Trade Organization - WTO Free Trade Area of the Americas - FTAA Andean Community The Group of Three (G-3) Colombia - Chile Agreement Andean Countries and Mercosur Agreement Colombia - Caricom Agreement Colombia - Panama Agreement Others

In 1993, Colombia and Chile signed an "Economic Complementation Agreement"that entered into force in January 1994. The objectives of the Agreement are, among others, to stimulate greater economic complementation between the two countries, to create a wider economic market, to stimulate investment flows, and to increase and diversify reciprocal trade.

The Agreement covers the following topics: Tariff Reduction Program, Market Access, Rules of Origin, Technical Standardization, SPS Measures, Government Procurement, Foreign Investment, Intellectual Property, Trade Practices (Safeguards, Competition, Unfair Trade Practices).

The Agreement provides for the elimination of all tariffs and non-tariff barriers on goods beginning on January 1, 1994.