September 23 2011
In August 2011 Mexico and Colombia announced that they had renegotiated their free trade agreement in light of the withdrawal of Venezuela. The FTA-G3 agreement, which has been in force for the past 15 years, is now called FTA-G2.
Amendments have been published whereby goods imported to and from Mexico and Colombia are deemed exempt from duties, with certain exceptions:
As provided by the FTA-G2, the authorities have published the Regulations for the Operation of the Regional Integration Committee on Inputs and the Certificate and Declaration of Origin Forms.
On August 16 2011 Decision 64 of the FTA-G2 Administrative Commission was published. It provides a temporary exemption for the use of non-originating materials used in certain textiles and garments, thereby affording such goods the preferential tariff treatment provided by the agreement. The decision was adopted with effect from July 19 2011.
For further information on this topic please contact Adrián Vazquez, Horacio A López-Portillo, Eduardo Zepeda or Veronica Vázquez Bravo at Vázquez Tercero y Asociados by telephone (+52 55 5534 36 36), fax (+52 55 5534 91 95) or email (firstname.lastname@example.org, email@example.com, firstname.lastname@example.org or email@example.com).
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