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(Apr 21, 2010) A trade agreement between Colombia and the European Union is ready to be signed by the parties, possibly on May 19, 2010, during the fourth summit, in Madrid, of the EU and Latin American and Caribbean nations. The agreement would open the EU market to rum, bananas, and sugar from Colombia free of tariffs; at present, they are practically totally excluded from the EU. Fish, rice, pork, and beef would also be allowed into the new partner's market. (Listo acuerdo comercial entre Colombia y la Unión Europea, EL ESPECTADOR, Apr. 12, 2010, available at http://www.elespectador.com/economia/articulo197960-listo-acuerdo-comerc
ial-entre-colombia-y-union-europea
.)

Dairy producers have opposed this agreement because they claim they will not be able to compete with the dairy imports from the EU, which have been heavily subsidized. The agreement's ratification in the EU Parliament is planned for the end of this year. (Id.)

The Green Party in the European Parliament is opposing the signing of this agreement because of the serious record of violations of human rights in Colombia, especially the large number of murders of union member that remain unpunished. (Protestan en Europa por el acuerdo comercial con Colombia, BILATERALS.ORG, Mar. 2, 2010, available at http://www.bilaterals.org/article.php3?id_article=16884&lang=en.)

Author: Graciela Rodriguez-Ferrand More by this author
Topic: Foreign trade and international finance More on this topic
Jurisdiction: Colombia More about this jurisdiction
 European Union More about this jurisdiction

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Last updated: 04/21/2010