Colombian Senate gives green light to Northern Triangle accord
Colombia's Senate approved the free trade agreement signed last August with Central America's "Northern Triangle" of El Salvador, Guatemala and Honduras.
Friday, May 30, 2008
The accord will now go to the Lower House for its approval. "The aim is to have the FTA ratified by the end of the present session of Congress," said Luis Guillermo Plata, the Colombian trade minister.
Negotiations for an agreement could begin within months, despite opposition from industry.
This agreement is part of Panama’s plans to integrate itself as a full member of the Alliance of the Pacific.
Investors should be aware of the tools available for exporting with tariff benefits to Cuba, Mexico and the European Union.
The Foreign Minister of Uruguay is touring the isthmus proposing an FTA with Mercosur, even though the President of the very same country describes it as "a bad customs union".
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