Category: Allgemein

Andean Trade Agreement

In 2005, Venezuela decided to join Mercosur. At first, Venezuela`s official position appeared to be that mercosur membership would allow further steps to be taken towards the integration of the two trading blocs. [Citation required] CAN Secretary General Allan Wagner said Venezuelan Foreign Minister Ala Rodriguez had said Venezuela had no intention of leaving the CAN and that its simultaneous membership of the two blocs marked the beginning of their integration. [9] In 2005, the United States imported $20.1 billion from the four Andean countries and exported $9.9 billion. Colombia accounted for about half of U.S. trade with the region. Peru and Ecuador shared the other half almost evenly, and Bolivia accounted for a very small share. In 2005, the largest U.S. importer from the region was crude oil, which accounted for 35% of imports. The main U.S. exports to the region were petroleum products, mining equipment and broadcasting equipment. In 2005, a significant share (46%) all U.S.

imports from the four Andean countries that were duty-free under ATPDEA and a smaller share (11%) duty-free under atAP. (23) A very small proportion (2%) Duty-free under the generalized system of preferences, which applies to most developing countries around the world. Of the remaining 41% of imports, most were imported duty-free under normal trade relations, which applies to virtually all U.S. trading partners on a non-discriminatory basis. Only 7% of the value of U.S. imports from the four countries was subject to tariffs in 2005. Compared to the status quo, only a relatively small proportion of U.S. imports would therefore be duty-free under a free trade agreement. However, this small proportion could include products that are relatively sensitive to imports to the United States or of disproportionate importance to Andean countries. On 4 June 2013, the trade agreement was submitted for approval to the Colombian President.

On 26 July 2013, the European Commission announced that the EU-Colombia trade agreement will enter into force on 1 August. In November 2003, the government informed Congress that it intended to begin negotiations for a free trade agreement with four Andean countries: Colombia, Peru, Ecuador and Bolivia. The communication stated that a free trade agreement would remove and remove foreign barriers to trade and investment and support democracy and the fight against drug-related activities in the Andean region. The Andean governments wanted to guarantee access to the U.S. market, especially since their current trade preferences will expire at the end of 2006. In the United States, the economy showed strong support for the trade agreement, work opposed it as a case for many free trade agreements, and agriculture was divided.