Peru, Colombia Start 2nd Round of FTA Talks with EFTA Nations

Peru and Colombia have started the second round of talks for the signing of a free trade agreement (FTA) with the member countries of the European Free Trade Association (EFTA), the news portal Invertia said on August 27, 2007.

EFTA includes Iceland, Liechtenstein, Norway and Switzerland.

The second round of FTA talks takes place in Lima. The two sides are expected to discuss issues such as market access, sanitary and phytosanitary measures, technical obstacles to trade, origin rules and customs procedures, among others.

According to Peru's Deputy Minister of Foreign Trade, Luis Alonso Garcia, the most problematic issue in the talks with EFTA is expected to be the trade with agriculture products.

The second round will last until August 31. The first round was held in Bogota in June, while the third and final round is scheduled for October in Geneva.

Despite the common talks, Peru and Colombia will sign separate FTAs with EFTA once the talks are completed.

EFTA was created in 1960.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: August 28, 2007

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