Colombia is a free market economy – the fifth largest in Latin America- and major commercial and investment ties to the United States. Its transition from a highly regulated economy has been underway for more than a decade. In the early 1990s, Colombia unilaterally initiated economic liberalization or “apertura” which has included tariff reductions, financial […]
The United States Government enacted the Andean Trade Preference Act in 1991 to help combat drug production and trafficking in four Andean countries: Bolivia, Colombia, Ecuador and Peru. The program offers trade benefits to help the beneficiary countries develop and strengthen legitimate industries. ATPA was expanded under the Trade Act of 2002, and is now […]
Description The Trade Promotion Agreement between the Andean Countries and the United States is an international treaty that, once implemented, will regulate the trade and investment relationship between the parties in a comprehensive manner, with the aim of increasing trade and investment flows and contributing to the economic and social development of the signatory countries. […]
On coltrade.org you can find comments about the Colombia – U.S. Free Trade Agreement. Comments by U.S. Companies and Industry Associations “A U.S.-Colombia Free Trade Agreement is a very positive step in achieving a climate of liberalization throughout the hemisphere.A free trade agreement with Colombia will stimulate both passenger and cargo traffic between the two […]
