July 20, 2018

Trade deal between EU and Colombia starting 1 August

As of 1 August 2013, trade barriers between the EU and Colombia will be lifted. At that time a comprehensive and far-reaching trade deal enters into application. The Agreement will open up markets for both EU and Colombian exporters and will bring annual savings of more than €500m for companies. The conditions for trade and investment will be more stable and are expected to boost trade and investment between the regions. The deal was signed by the EU, Colombia and Peru in June 2012 and will now be applied between all three parties. At the end of the transition period, there will be no customs duties at all on industrial and fisheries products and trade in agricultural products will become considerably more open.

Source: Balkans.com (read more)

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