U.S.-Colombia Free Trade Commission Agrees to Consider Tariff Acceleration
The inaugural meeting of the U.S.-Colombia Free Trade Commission (FTC), held Nov. 19, concluded that the six-month-old Free Trade Agreement is working well and is already benefiting both countries, the U.S. Trade Representative said. U.S. exports to Colombia from May…
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to Sept. were up more than 20 percent over the corresponding period last year, it said. The governments decided to consider tariff acceleration and to set time frames for establishing dispute settlement mechanisms and updating rules of origin. They also reviewed the work of committees set up to discuss technical barriers to trade, agriculture, and sanitary and phytosanitary measures.