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Free Trade Agreement Colombia - Mexico

Agricultural Sector

The Treaty of the Group of Three (FTA-G3), composed of Mexico, Colombia and Venezuela, Started on June 13, 1994 and entered into force on January 1, 1995, by the Law of the Republic of Colombia No. 172 1994.

They agreed on a general scheme of tariff to 10 years. A list of temporary exceptions for each country, which will be reviewed annually.

It creates the Agricultural Trade Committee, which annually review the operation of this chapter and will serve as a forum for consultations. Export subsidies are prohibited to conclude relief of agricultural goods covered by the Treaty.

A Committee of Sugar Analysis whose role will be to seek agreement between the two countries respect to trade in sugar, no later than six months after the entry into force of this Treaty.

This treaty took place with the character of the Economic Complementation Agreement (ACE) in accordance with the provisions of the Treaty of Montevideo 1980 and Resolution No. 2 of the Council of Ministers of Foreign Affairs of the signatory parties. The agreement was filed with the Latin American Integration Association (ALADI) As Economic Complementation Agreement (ACE) No. 33.

Automotive Sector

Report the part of Venezuela to Economic Complementation Agreement G3

the Agreement established the tariff reduction program divided into two groups:

Trucks and tractors over 15 tons. gross vehicle weight and integral buses, whose 10-year tariff began January 1, 1997 and ended on January 1, 2007.

Other assets of the automotive field, in the the second semester of 2004 was negotiated include the automotive sector the tariff reduction program and established the rules of origin for those goods.

Venezuela formally submitted the complaint to the Agreement in May 2006, which would take effect within 180 days of notification to the Parties and the Secretariat General.

This same year also was announced Venezuela's withdrawal from the Andean Community (CAN)

ARGUMENTS OF VENEZUELA:

Currently, 92% of the tariff is totally eliminated, leaving some other subheadings of subheadings excluded deduct and release program, for the most part belong to the agricultural sector.

Damage to the national economy, Unfair Competition

Productivity losses

"For Treating a free trade agreement and not an Economic Complementation Agreement".

To safeguard national interests and shore entry to Mercosur

BENEFITS OF THE AGREEMENT FOR MEXICO

Products excluded from the Free Trade Agreement between Mexico and Colombia

In August 2009, after two years of negotiations, Colombia and Mexico finished work on adapting the FTA and signed five decisions in a protocol amendment relating to:

market access

the adjustments to the rules of origin

the Regional Committee of Inputs

additional powers to the Administrative Commission

the renaming of the Treaty.

This deepening of the Agreement is effective from August 2, 2011.

Agricultural and automotive sectors have special treatment. The first remaining tariff reduction began January 1, 1995. The nine additional stages, annual equal and apply from July 1, 1996, so that those goods were free of import tax on July 1, 2004. Additionally, the Treaty empowers by consensus between the parties can be accelerated relief for those products deemed necessary.

Mexico exports deepens their trailers, polystyrene foam, soft drinks, chickpeas, orange juice, durum wheat, turkey preparations, tomatoes

coffee, bananas, sugar, snuff, cocoa

BENEFITS OF THE AGREEMENT FOR COLOMBIA

Trade in your cookies, gum and citric acid, sodium citrate and calcium, palm oil, greaves for microwave and cigarettes, mainly.

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