The EU and the Andean Community announced yesterday in Santo Domingo their intention to start negotiations for an Association Agreement in the margins of the next EU-Andean Community Joint Committee that will be held in La Paz at the end of May 2007.
The association of European banana producers APEB has announced that it will request the EU to leave any discussion of the banana import tariff out of the negotiations on economic collaboration or free trade agreements with the Andean countries in South America and with the countries in Central America.
The Community of Andean Nations and the European Union reaffirmed the promise Tuesday to begin negotiations as soon as possible to sign an economic association agreement, the CAN press office reported after meeting on Monday evening.
The president of Bolivia, Evo Morales and the elected President from Ecuador, Rafael Correa, confirmed that their countries would continue as full members of the Andean Community (CAN). However, they state that strong changes are necessary to consolidate a social as well as an economic integration.
The United States Congress has passed landmark legislation normalising trade ties with Vietnam. The trade vote package also expanded trade relations with Haiti, and tweaked Washington’s trade preferences with several states in Latin America and beyond.
Hopes for a continentwide trading community and a celebration of the region’s populist movements will highlight a two-day summit of South American leaders hosted by Bolivian President Evo Morales.
The EU Commission notified its intention to begin negotiations for Association Agreements in the first quarter of 2007, which would gradually become free trade agreements with the Andean Community (Bolivia, Colombia, Ecuador and Peru) and Central American countries (Costa Rica, Honduras, Nicaragua, El Salvador, Guatemala). However, this process could be broken because of the new demands on part of Ecuador before the WTO.
The Agreements will set out the conditions for the gradual establishment of Free Trade Area between the EU and the two regions, and develop both intra- and bi-regional trade exchanges.
A council of Andean foreign ministers yesterday approved Chile’s re-entry to the Andean Community of Nations trade group after a three-decade absence.
In the last few months, Chile has made it clear that it intends to become a trade platform between the vast Asia Pacific region and the Andean countries, by means of trade treaties and political integration. Prompt re-entry into the Andean Community of Nations (CAN) would be a step in that direction.
Chile formally requested incorporation to the Andean Community of Nations, CAN, in a letter sent by President Michelle Bachelet to her counterparts from Bolivia, Ecuador, Colombia and Peru, reported Foreign Affairs minister Alejandro Foxley.
The US government’s announcement that it will review the possibility of limiting, suspending, or withdrawing trade preferences under the General System of Preferences (GSP) to three Latin American countries—Argentina, Brazil, and Venezuela—is political pressure to make these nations participate in the model of regional integration proposed by the United States.
Is South American integration doomed, as much of the press reports? Or is there steady progress towards wider and deeper union, as the agenda of the Mercosur summit in Cordoba, Argentina, on 20-21 July, suggests?
If the CAN countries work out their differences, including establishment of a common tariff, EU-CAN talks could get under way in January 2007, and the association agreement, which includes political, economic, and trade chapters, would come online in May 2008.
The foreign ministers of the Andean Community of Nations (CAN) forged ahead in attempts to quiet fears of an imminent collapse of the bloc following Venezuela’s withdrawal, despite member-country political differences that were all too evident at the regional summit.
Andean leaders have agreed a new course for their trade bloc without Venezuela. They plan to urge Washington to extend expiring trade benefits designed to help counter cocaine production in the South American region.
Peru’s President Alejandro Toledo wants the Andean Community of Nations (CAN) summit set for next Tuesday to push forward negotiations on a trade pact with the European Union, the CAN announced on Wednesday.
The European Union and six Central American leaders said Saturday they hoped to launch free trade talks before the end of the year.
The Andean Community of Nations (CAN) should come to terms first, before pursuing a Free Trade Agreement (FTA) with the European Union (EU), sources of the Spanish Foreign Ministry reported Thursday.
European Commissioner Benita Ferrero-Waldner on Thursday ruled out the possibility of holding talks with the Andean Community over a free trade agreement.