Colombia, Mexico sign agreements on deepening FTA project

13:58, April 09, 2010      

Email | Print | Subscribe | Comments | Forum 

Colombia and Mexico agreed on Thursday to move ahead on the consolidation of a Free Trade Agreement (FTA) project to boost trade between the two countries.

Luis Guillermo Plata, minister of Colombian Trade, Industry and Tourism,and Beatriz Leycegui, vice minister of Mexican International Commercial Negotiations, signed altogether five agreements on behalf of their respective governments.

In August 2009, the two countries concluded the negotiations on deepening the implementation of the FTA project to meet the new commercial realities of both economies.

Regarding the Market Access, Plata said, the new agreements would allow the preferential access of such Colombian products to Mexico as meat, powdered milk, cheese, sweets, bakery products, palm oil, beverages and cigarettes.

These products, he said, used to be excluded from the duty exemption program. The new agreements will also have a "growing clause" with which the two countries would review the possibility of improving the commercial access conditions for the goods in the future.

Currently, Mexico is a very important commercial partner of Colombia, with the trade volume close to 2.7 billion U.S. dollars and bilateral investments estimated at 410 million dollars in 2008.

Source: Xinhua

(Editor:祁澍文)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion