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COLOMBIA - FTA Ready Between Colombia and Guatemala

* COLOMBIA

FTA Ready Between Colombia and Guatemala
The agreement's effective date is expected to be within a month

The presidents of Colombia, Álvaro Uribe, and Guatemala, Alvaro Colom, exchanged Tues. notes for the initiation of the Free Trade Agreement (FTA) between both countries. This agreement is expected to start in mid-Nov. and will allow 55% of Colombian products exported to this nation to be the first to benefit from tariff-free trade. According to Proexport, in 2008 Colombia's exports to Guatemala were $185 million and imports reached $37 million. This fact was confirmed within the context of President Uribe’s official visit to Guatemala.
Oct-13-2009 06:10pm