Colombia begins new trade agreement with Venzuela .
Colombia begins new trade agreement with Venzuela .
Friday, 19 October 2012 08:43 Joey O'Gorman
A new trade agreement between Colombia and Venezuela was put into play on Friday allowing for duty-free exports between the countries.
The agreement includes around 4,921 products from Colombia and 4,713 from Venezuela. From Friday, 91% of Colombian exports will not pay duty with tariff preferences on 100% of historic trade.
A list of 111 sensitive Colombian products with preferential margins including many meat, sugar, confectionery, foods, plants, dairy, and bakery products along with live animals will maintain duty-free access to the Venezuelan market.
The Colombian minister for trade industry and tourism Sergio Diaz-Granados, said the agreement "will start a new stage in bilateral relations."
More:
http://colombiareports.com/colombia-news/economy/26584-colombia-begins-new-trade-agreement-with-venzuela.html
