FTAs between Colombia and Korea and between Colombia and Costa
Rica will soon enter into force
The FTA between Colombia and Korea will enter into force on July
15. This is Colombia's first FTA with an Asian country. Through
this FTA, Colombia aims to strengthen trade relations with one of
the most dynamic regions of the world as well as to attract
investment.
This FTA is of great importance for the Colombian agricultural
sectors, as Korea is a major importer of these goods. Also,
Colombia expects to attract investment in sectors such as high-tech
and infrastructure. Moreover, this FTA establishes an immediate
removal of 98% of tariff lines for industrial products.
On the other hand, on August 1, the FTA between Colombia and
Costa Rica will enter into force. This trade agreement is the
result of Colombian efforts to achieve preferential access in
different markets for products and services.
