Free Trade Agreement European Union Colombia Peru

After fulfilling all the internal requirements of its legal system, Colombia can continue to implement the trade agreement between Colombia and Peru, on the one hand, and the European Union on the other. To this end, the Colombian government adopted Decree No. 2247 of 5 November 2014 Colombia regulates Colombia`s market access commitments under the trade agreement between the European Union and its Member States, on the one hand, and Colombia and Peru, on the other, signed on 26 June 2012 in the city of Brussels in response to The 1669 Act of 2013, and adopts other provisions.” The 1993 Framework Agreement identified a number of areas of cooperation and established joint monitoring committees and a subcommittee on trade, which continued their work. A joint commission (initially foreseen by the 1983 cooperation agreement) continued its work. The EU, Colombia and Peru concluded trade negotiations in 2011. The EU-Colombia-Peru trade agreement was signed in June 2012. The agreement has been implemented provisionally with Peru since March 2013 and with Colombia since August 2013. In this context, Colombia, Ecuador and Peru met with the EU at the end of February 2009 in Brussels to advance negotiations for a trade agreement. The first round of negotiations took place on 13 February 2009 in Bogota, Colombia. The second round of negotiations took place from 23 to 27 March 2009 in Lima, Peru. The third round took place from 22 to 25 April 2009 in Quito, Ecuador. The fourth round of negotiations ended on 19 June 2009. The fifth round of negotiations took place from 20 to 24 July 2009 in Lima, Peru.

The sixth round of negotiations took place in Brussels on 21 and 25 September 2009. A seventh round of negotiations on a free trade agreement between the EU and Colombia and Peru was concluded on 20 November 2009. On 18 and 22 January 2010, the eighth round of negotiations took place in Bogota, Colombia. The ninth round of negotiations was held in Brussels (Belgium) from 22 to 28 March 2010. The chief negotiators of the European Commission, Peru and Colombia met in Brussels on 23-24 March 2011 to finalise the final texts of the agreement between the parties. The paraphetaisation is followed by a process of translation, signature and adoption of this agreement, so that it can enter into force. On 16 March 2012, the Council of the European Union approved the free trade agreement with Colombia and Peru. The agreement was reached at a meeting of the Trade Council.

The agreement between Peru, Colombia and the European Union was signed in Brussels (Belgium) on 26 June 2012. In early 2013, Ecuador decided to formally resume trade negotiations with the European Union.