Entry into force of the MERCOSUR-Colombia Trade Agreement

This week, Economic Complementarity Agreement No. 72 (Mercosur-Colombia), signed on 21 July in Mendoza, entered into force bilaterally in Argentina and Colombia. This Agreement will strengthen trade bonds between Mercosur and Colombia, and serve as a starting point for future work on new areas that will favour smart and broad integration.

It should be noted that the Agreement provides for a mechanism through which Argentina will be able to export to Colombia a duty-free quota of vehicles increasing progressively up to 42,000 units in the fourth year (comprising 30,000 cars and 12,000 vans), and amounting to an estimated USD 700 million.

Press release No. 591/17

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