Expansion of FTA between Guatemala and Colombia

Both countries agreed to include threads, fabrics and clothing in the batch of items that are already subject to tax relief, as part of the Free Trade Agreement in force.

Tuesday, November 6, 2018

The Ministry of Economy of Guatemala informed that the trade between both countries will experience a significant increase because of the recent signature of several agreements that expand the productive value chains.

The products of the textile and clothing sector, which includes threads, fabrics and clothing, were included within the Free Trade Agreement between Guatemala and Colombia, thereby expanding the world of articles in relief to achieve free trade of both nations. The above refers to chapters 50 to 63 of the current Agreement on market access, which covers about 317 tariff sections for Guatemala and 318 for Colombia, the document details.

The decision was recently signed at the bilateral level by the Vice-Minister of Integration and Foreign Trade, Julio Dougherty, and the Vice-Minister of Foreign Trade of Colombia, Laura Valdivieso, during a working meeting in the Colombian capital within the framework of the Administrative Commission of the Agreement. Including the textile and clothing sector, the Vice-Ministers signed an additional decision to have the respective rules of origin for the products mentioned. In other words, together with the negotiation of product access, the rule of origin was also negotiated.

The statement reviews that a third point on the agenda was the signing of the Modifying Protocol for the establishment of the Committee for Bilateral Integration of Inputs (CIBI) that allows, in case of shortage of raw materials in the territory of any of the parties, the same may be brought from any other origin and incorporated into the national product. Additionally, the trade authorities of Guatemala and Colombia signed another decision related to natural rubber, through which the mentioned input is left with zero tariff in both ways, in other words in free trade.

See full report.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Guatemala-Cuba Trade Agreement

November 2018

Shrimp, mangoes, confectionery, non-alcoholic beverages and electric accumulators are some of the products that will have tariff benefits with the signing of the Partial Scope Agreement between both countries.

From the press release of the Ministry of Economy of Guatemala:

El Salvador - Ecuador Trade Agreement Signed

February 2017

Candy, plastics, juices and nectars, medicines and paper bags are included in the list of 214 Salvadoran products that will enter Ecuador under special tariff conditions.

From a statement issued by the Ministry of Economy of El Salvador:

Panama Gets Closer to Pacific Alliance

April 2014

The signing of a free trade agreement with Mexico puts Panama one step closer to the commercial bloc.

After the signing of the free trade agreement between the two countries, Panama could be the next country along with Costa Rica, to join the Pacific Alliance trade bloc.

Honduras-Canada Trade Agreement Signed

November 2013

Pork, grains and processed foods are the sectors that will benefit once the congresses of both countries approve the FTA.

The agreement was signed in Ottawa by the Ministers of Trade, Ed Fast from Canada and Jose Adonis Lavaire from Honduras.

Laprensa.hn reports that "once implemented, tariffs on 98% of bilateral trade will fall ...".

 close (x)

Receive more news about Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 26)
Brent Crude Oil
48.660
Coffee "C"
117.5
Gold
1,811
Silver
23.300