Congress Ratifies Guatemalan FTA with Colombia

The Guatemalan Congress ratified the FTA that the country, along with El Salvador and Honduras, negotiated and signed with Colombia in August 2007.

Wednesday, March 11, 2009

Jessica Osorio wrote in "The objective is to promote the expansion of trade in goods and services in a free trade zone. Each country will be sure to adopt the necessary measures to comply with the content that was approved."

More on this topic

FTA Guatemala - Colombia Comes Into Effect

November 2009

The Free Trade Agreement between both countries comes into effect today.

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 that "Colombian businessmen have high expectations for this FTA".

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.

Guatemala Delays Ratification of FTA with Colombia

May 2009

An error in the final ratification text of the Free Trade Agreement with Colombia requires it to return to Congress for amendment.

Legislator Mariano Rayo, chairman of the Congressional Committee on Economy and Foreign Trade, told "I, as chairman of the committee, accept there was an error and that we did not explicitly approve an exchange of notes in annex number three, which refers to the agricultural sector."

Salvadoran Congress ratifies FTA with Colombia

August 2008

The Congress of El Salvador ratified the FTA that the country, along with Guatemala and Honduras, negotiated and signed with Colombia in 2007 and which should come into force before the end of the year.

The ratification of the FTA "will strengthen trade, and at the same time will allow a greater flow of investment between El Salvador and Colombia," the Salvadoran Minister of Economy, Richard Esmahan, believes.

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