EU/Colombia and Peru Trade Agreement

The Committee on International Trade adopted the report by Mário DAVID (EPP, PT) recommending that the European Parliament gives its consent to the conclusion, on behalf of the European Union and its Member States, of the one part, and Colombia and Peru, of the other part.

Members consider that this agreement is an opportunity to provide an anchor for Colombia and Peru’s reforms to integrate in the global economy, increase welfare and consolidate their growth while eliminating high tariffs, tackling technical barriers to trade, liberalising services markets, and protecting valuable EU geographical indications (GIs).

Members note that human rights concerns do remain.

Lastly, they call for the close monitoring of the implementation of the chapter on trade and sustainable development.