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Monday, January 2, 2006
President Alvaro Uribe signed, on December 30, 2005, a law that ratifies a FTA with Mercosur and gives Colombian products preferential access to a market of 230 million people. Colombian entrepreneurs will also be able to import materials and capital goods from Mercosur at lower costs due to reduced tariffs resulting from the agreement.
The agreement’s asymmetry clauses favor Colombia because it allows the gradual and progressive reduction of tariffs and likewise gives Colombia the opportunity to gradually reform its production system to adapt it to the requirements of future negotiations within the scheme of Mercosur and the South American Community of Nations
This agreement along with previous treaties signed with the Andean Community, Mexico, Chile and the FTA with the United States currently under negotiation, highlight the geographic position of Colombia as a center for investment.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
