Portman – Congress to execute solid FTA with Columbia
02 Mar '06
3 min read
USTR informed that United States and Colombia announced they have concluded their work on a free trade agreement. This comprehensive trade agreement will eliminate tariffs and other barriers to goods and services, and expand trade between the United States and Colombia.
The conclusion of the negotiations with Colombia was announced by US Trade Representative Rob Portman and Jorge Humberto Botero, Minister of Trade, Industry and Tourism.
"The United States and Colombia agreed on terms for a comprehensive trade opening agreement that will enhance economic growth and prosperity between the US and Colombia," said Ambassador Portman.
"The free trade agreement with Colombia will generate export opportunities for US agriculture, industry, and service providers, and help create jobs in the United States. The agreement will help foster economic development in Colombia, and contribute to efforts to counter narco-terrorism, which threatens democracy and regional stability."
"An agreement with Colombia is an essential component of our regional strategy to advance free trade within our hemisphere, combat narco-trafficking, build democratic institutions, and promote economic development."
"In addition to eliminating tariffs, Colombia will remove barriers to trade in services, provide a secure, predictable legal framework for US investors operating in Colombia, provide for effective enforcement of labor and environmental laws, protect intellectual property, and provide an effective system to settle disputes."
marketing@alchempro.com
