Home / Knowledge / News / Textiles / EU-Colombia Interim Trade Agreement to take effect soon
EU-Colombia Interim Trade Agreement to take effect soon
Jul '13
The Interim Trade Agreement between Colombia and the 28-member EU would be implemented from August 1, 2013, according to Colombian Ministry of Commerce, Industry and Tourism.
The implementation of the provisional free trade agreement (FTA) with the EU demonstrates the trust that Colombia has won in Europe, Sergio Diaz-Granados, Minister of Commerce, Industry and Tourism, said.
The EU is currently the second largest trading partner, export market and source of investment in Colombia, next only to the US.
The FTA with the EU is the fourth trade agreement that Colombia has signed with developed countries. Colombia already has a FTA with Canada, Switzerland and the US.
The Colombian Government is prepared to give full guarantee to foreign investment entering into the country from the 28 EU member states, Mr. Diaz-Granados said.
The textiles and the apparel sector, along with some other sectors like the pharmaceutical and personal care, would benefit from the agreement with the EU, the Minister said.
Once the FTA is set in motion, the duty on Colombian textile and garment exports to the EU would be either cut or reduced to zero from the current up to 10 percent duty.
In terms of Rules of Origin (RoO), the FTA would allow Colombia to take advantage of tariff preferences in a better way. The import of fibres from third countries for making textiles would be allowed, but yarn must be made in either Colombia or the EU.
Similarly, for ‘knit to shape’ items like stockings, girdles and innerwear, Colombia can use both nylon and elastomer imported from third countries for making products meant for export to the EU under FTA provisions. 
From January to May 2013, Colombia’s overall exports to the EU amounted to US$ 3.345 billion, up 13.8 percent year-on-year, while the country imported US$ 3.279 billion worth of goods from the EU.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search