EU agreement between Colombia and Peru will be ready for 2015

The trade agreement between Colombia and Peru, implemented by the European Union (EU), will not be ready until early 2015, despite being signed last July 17. It is being reviewed and translated to the legal part to check that both parties understand the same, as well as confirmated by Foreign Trade authorities and the EU.

The entrepreneurs, farmers and citizens in general are waiting to know what are the agreed thresholds for public procurement, which agricultural products are part of that 4% that will continue paying tariff or what  are the origin appellations that will be protected.

“It is an accession of Ecuador to a preexisting agreement. Therefore, there are only a few changes to the rule in which a special treatment for Ecuador was accepted,” say negotiations sources to daily Expreso. “There are obviously bilateral lists on commitments made in goods, services and government procurement, as it also happens to Colombia and Peru,” they clarified.