Free Trade Agreement Usa Colombia
However, political violence in Colombia has sharply decreased over the past decade and objections to the trade deal have been criticized by Colombians and the Republican Party. Canadian Conservative Prime Minister Stephen Harper, who signed a Canada-Colombia agreement that entered into force in August 2011, accused opponents of trade agreements with the country of “obstructing Colombia`s development of prosperity,” adding: “We cannot block the progress of such a country for protectionist reasons and try to use human rights as a front to achieve it.”  In May 2004, the United States began negotiations for free trade agreements with Colombia, Peru and Ecuador. The United States concluded negotiations with Colombia in February 2006 and the CTPA was signed on 22 November 2006. After the two countries negotiated a protocol of amendment signed on 28 June 2007 on the basis of the “New Trade Policy Template”, a multi-party agreement. == Imports from Colombia have increased significantly since 1996, from $4.27 billion in 1996 to $8.85 billion in 2005, an increase of 107%. The United States` trade deficit with Colombia amounted to $3.43 billion in 2005.  Since the end of 2006, US products have been burdened with more than $3.4 billion in Colombian tariffs and duties, which would otherwise have been eliminated by the free trade agreement.  The U.S. International Trade Commission estimates that the agreement would increase U.S.
exports to Colombia by an additional $1.1 billion per year.  The Trade Promotion Agreement between the United States and Colombia (AAA) entered into force on May 15, 2012. . .