Coming into force of the Colombian-US Free Trade Agreement (FTA) has encountered opposing positions in Venezuelan sectors. Three visions prevail -firstly, it is feared that the impact on Colombian-Venezuelan trade will be negative; secondly, there could be a negative impact in the medium term, but a positive one in the short term; last but not least, good prospects are anticipated.
The five-nation Andean community has agreed to create a special tariff regime with the European Union (EU) to ease the path to a free trade agreement, the regional bloc said in a statement published here on Thursday.
The region-wide campaign against the US-Andean free trade agreement (FTA) made important, if partial, achievements in 2005. The FTA negotiation has been delayed thanks to social pressure, but it has not been stopped.
An apparently chance remark by a junior trade minister appears to have put Venezuela’s Foreign Minister Alí Rodríguez Araque on something of a spot.
Minister of Integration and Foreign Trade Gustavo Márquez declared Tuesday that in the event that the parties to the Andean Community decide to sign a Free Trade Agreement (FTA) with the United States, Venezuela will have to revise trade arrangements with those nations.
Colombia, Ecuador, Peru and the United States on Monday began the 12th round of negotiations on a free trade agreement (FTA), in an effort to put a deal in effect in 2006.
As indicated by CAFTA’s ratification, instead of pushing for the enactment of the FTAA, the Bush administration has re-evaluated its strategy, now attempting to build up momentum by establishing separate free trade agreements with the different regions in the hemisphere through a "divide-and-conquer" strategy.
The battle over a free trade agreement with Central America spilled over Tuesday in Miami to the Andean nations of South America.
Trade talks with three Andean countries get underway in downtown Miami, but for free-trade supporters the key issue in town is still the Congressional vote on the Central American Free Trade Agreement.
Encouraged by its successful preferential trade agreement (PTA) with Mercosur countries, India is trying to increase its influence in the Latin American and Caribbean region by exploring possibilities of PTAs with the Andean community, Chile and countries in the Central America Integration System (SICA).
Although Colombia is the third largest recipient of U.S. financial aid after Iraq and Israel, it still remains a mystery nation to the majority of taxpayers.
This report looks at major Customs Unions, Free Trade Areas, and economic
association agreements around the world, with particular attention to any clauses
covering social issues, core labour standards and trade union participation.
Access to genetic resources in South America’s Andean region, which holds a quarter of the planet’s biodiversity, is a point of discord in the free trade agreement that the United States has been negotiating with Colombia, Ecuador and Peru since May.
South America’s two large trade blocs, the Mercosur and Andean Community of Nations (CAN), have signed an agreement to phase out all import tariffs over the next 15 years, with a view towards eventually creating an immense free trade zone in the region.
The United States is prepared to drop Ecuador and Peru from a proposed U.S. free- trade pact with the Andean region if investment disputes with those countries threaten a deal with Colombia, a top U.S. trade official said on Wednesday.
The free trade agreement the United States plans to negotiate with the Andean countries of Bolivia, Colombia, Ecuador, and Peru should contain an investor-state dispute settlement mechanism, witnesses at a Trade Policy Staff Committee hearing on the Andean FTA said March 17.
It is not appropriate for the country to sign an FTA with the US because this would result in the State having less control over reviewing transnational corporations and promoting and consolidating privatization.
Tariffs on agricultural products and definitions of intellectual property rights, particularly for pharmaceuticals, are shaping up as the most contentious issues in the free trade negotiations between the United States and three Andean nations, Colombia, Ecuador, and Peru.
Biopiracy could be a sticking point in the free trade negotiations that the United States is pursuing with three of the countries with greatest biodiversity in the world: Colombia, Ecuador and Peru.