- G3 Free Trade Agreement
The G-3 is a
free tradeagreement between Colombia, Mexico, and Venezuelathat came into effect on January 1, 1995, which created an extended market of 149 million consumers with a combined GDP ( Gross domestic product) of US$486.5 billion. The agreement states a ten percent tariffreduction over ten years (starting in 1995) for the trade of goods and services among its members. The agreement is a third generation one, not limited to liberalizing trade, but includes issues such as investment, services, government purchases, regulations to fight unfair competition, and intellectual propertyrights.
Hugo Chávezannounced in May 2006 that his country would withdraw from the trade bloc, due to differences with its two partners. [http://www.bloomberg.com/apps/news?pid=10000086&sid=a._1nxVgPqe8&refer=latin_america] In April, Venezuela had also announced its plans to leave the Andean Community, after Colombia and Perureached free trade agreements with the United Statesand Ecuadorkept in negotiations for one. Venezuela has since joined Mercosur.
Mexico announced that a replacement for Venezuela would be sought among interested countries, such as
Panama, Ecuador and Peru. [http://www.chron.com/disp/story.mpl/ap/fn/3879837.html]
Andean Community of Nations
North American Free Trade Agreement(NAFTA)
Central America Free Trade Agreement(CAFTA]
Free Trade Area of the Americas
Wikimedia Foundation. 2010.
Look at other dictionaries:
free trade agreement — An agreement between two or more nations, states, or other geographic units that requires each member to allow other members to sell specified goods freely within its territory, without imposing tariffs or duties. See also NAFTA The Essential Law … Law dictionary
Free Trade Agreement — Ein Free Trade Agreement (FTA) ist ein Freihandelsabkommen, welches zwischen mindestens zwei Staaten geschlossen wird und Handelsbarrieren wie Zölle, Export /Importbeschränkungen und dergleichen abbauen soll. Folgende Abkommen führen diese… … Deutsch Wikipedia
free trade agreement — An agreement to abolish tariffs between two or more countries. Notable examples are the agreement to set up the European Free Trade Association (EFTA) in 1960 and the North American Free Trade Agreement (NAFTA), concluded in 1994 between the USA … Big dictionary of business and management
Free Trade Agreement — See North American Free Trade Agreement Canada U.S. Free Trade Agreement … Dictionary of automotive terms
Free Trade Agreement of the Americas — (FTAA) An effort to unite the economies of the Western Hemisphere into a single free trade arrangement. The Heads of State of the 34 democracies in the region agreed to construct a Free Trade Area of the Americas and to complete negotiations for… … Dictionary of automotive terms
free trade agreement — An agreement between countries of a particular region to allow certain goods and services to be traded among them without tariffs, quotas, or other restrictions … Combined glossary of agriculture
American Free Trade Agreement — See North American Free Trade Agreement … Dictionary of automotive terms
North American Free Trade Agreement — NAFTA redirects here. For other uses of the acronym, see Nafta (disambiguation). North American Free Trade Agreement Tratado de Libre Comercio de América del Norte (Spanish) Accord de Libre échange Nord Américain (French) … Wikipedia
United States–Colombia Free Trade Agreement — The United States Colombia Trade Promotion Agreement (CTPA) (Tratado de Libre Comercio entre Colombia y Estados Unidos (TLC)), is a bilateral free trade agreement between the United States and Colombia. Sometimes called the Colombia Free Trade… … Wikipedia
Dominican Republic–Central America Free Trade Agreement — Presidents Francisco Flores Pérez, Ricardo Maduro, George W. Bush, Abel Pacheco, Enrique Bolaños and Alfonso Portillo Note: Within this article, CAFTA refers to the agreement as it stood before January 2004, and DR CAFTA is used after that. Th … Wikipedia