WORLD TRADE ORGANIZATION – WTO

Colombia joined the General Agreement on Tariffs and Trade (GATT) in 1981. Initially, the country only signed the Subsidies Code (1991) and the International Bovine Meat Agreement. In 1993, Colombia signed the Anti-dumping Code and the Customs Valuation Code.

Colombia was an active participant during the Uruguay Round negotiations which were concluded in 1993. The Colombian Congress approved the entry into to the World Trade Organization (WTO), the international organization that replaced the GATT, through Law 170 of 1994. The Colombian government deposited its instrument of ratification on March 31, 1995, and the WTO Agreement entered into force for Colombia on April 30, 1995.

Through its adherence to the agreement establishing the WTO, Colombia became a Party to all of the agreements that are listed in the WTO’s annexes: GATT 1994, Agriculture, Sanitary and Phytosanitary (SPS) Measures, Textiles and Clothing, Technical Barriers to Trade, Trade-Related Investment Measures Anti-dumping (Article VI of GATT 1994), Customs Valuation (Article VII of GATT 1994), Pre-shipment Inspection, Rules of Origin, Import Licensing, Subsidies and Countervailing Measures, Safeguards, General Agreement on Trade in Services (GATS), Trade-Related Aspects of Intellectual Property Rights (TRIPS), Dispute Settlement Understanding, and Trade Policy Review Mechanism.

Regarding the Plurilateral Trade Agreements, it should be noted that Colombia is only a party to the International Bovine Meat Agreement. Colombia currently enjoys observer status within the Agreement on Government Procurement.