9 November 2012
The Proposed US-Colombia Free Trade Agreement
Background and Issues
The US-Colombia Trade Promotion Agreement entered into force on May 15, 2012. It is a comprehensive free trade agreement (FTA) between the United States and Colombia that will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. On April 15, 2012, at the Summit of the Americas in Cartagena Colombia, President Barack Obama announced that the agreement would enter into force the following month, far sooner than many observers expected. The announcement came after completion of several months of work by both governments to review each other’s laws and regulations related to the implementation of the FTA, as well as to Colombia’s efforts to fulfill its set of commitments under the Action Plan Related to Labor Rights.
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M Angeles Villarreal
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