Of the entire product universe, 53% will enjoy 0% tariff between both nations. For the rest, the removal of tariffs will be gradual, between 5 and 15 years.

Alvaro Concha, director of the Colombian Trade Office for Central America and Panama, told newspaper Prensalibre.com that "Colombian businessmen have high expectations for this FTA".

Source: prensalibre.com

More on this topic

FTA Colombia – Honduras Now In Force

March 2010

The Free Trade Agreement between both countries has been in effect since last Saturday.

With Honduras, Colombia concludes an FTA with the ‘northern triangle’ (Guatemala, El Salvador and Honduras). In November 2009, a Free Trade Agreement with Guatemala came into effect, and in Febraury the same happened with El Salvador.

FTA Colombia – El Salvador Comes Into Effect

February 2010

The Free Trade Agreement signed by both countries came into effect on Monday.

53% of Colombia’s industrial goods now benefit from zero tariffs when entering El Salvador.

“The agreement was signed as part of a wider trade treaty with the countries located in the northern part of Central America. Guatemala has already subscribed the agreement, and Honduras is the only one remaining”, reported business magazine América Economía.

FTA Guatemala - Colombia in November

October 2009

Ruben Morales, Guatemalan Economy Minister, confirmed the Free Trade Agreement will come into effect on November 13th.

Next week, Colombian President Alvaro Uribe will visit Guatemala. During his visit, the presidents will exchange contracts for the coming into effect of the commercial treaty.

Guatemala: Attractive to Colombian Investors

June 2009

Since the ratification of the FTA between both countries, investment in tourist, health, and financial services have stirred the interest of Colombian entrepreneurs.

Exports from Colombia to Guatemala have shown an increase of 22% this year thus far.

Álvaro Concha is the director of the commercial affairs office in Colombia for the North Triangle (Proexport), which covers Guatemala, El Salvador, and Honduras.