Andean Pact Agreement

The EU, Colombia and Peru concluded trade negotiations in 2011. The EU-Colombia-Peru trade agreement was signed in June 2012. The agreement has been provisionally applied with Peru since March 2013 and with Colombia since August 2013. Recently, with the new cooperation agreement with Mercosur, the Andean Community gained four new associate members: Argentina, Brazil, Paraguay and Uruguay. These four members of Mercosur were associated by the Andean Council for Foreign Affairs, which met on 7 July 2005 in an extended meeting with the Commission (the Andean Community). This is in response to the action of Mercosur, which has granted the accession of all the countries of the Andean Community following the Economic Complementarity Agreements (FTAs) signed between the CAN and some Mercosur members. [5] Among the products subject to customs duties of 15 to 20% (and which are therefore generally excluded from free trade), are meat, poultry, fish and lactates, agricultural products, textiles and stationery. However, Peru has also concluded separate bilateral free trade agreements with the four Andean Pact countries under the auspices of LAIA and, as a result, some goods are negotiated duty-free with other countries, with 15 per cent or 20 per cent tariffs under Peru`s Andean period. In the Peruvian-Bolivian agreement, there is now complete free trade between the two countries for almost all products. Negotiations on Peru`s full integration into the Intraregional Free Trade System of the Andean Pact are expected to be completed in 1996. Cf. Andean Group: Treaty establishing the Court of Justice of the Cartagena Agreement, 28 May 1979, 18 I.L.M. 1203; Andean Group: Commission Decision on the Statute of the Court of Justice of the Cartagena Agreement of 19 May 1983, 23 I.L.M 422 (1984).

At that time, an Andean Parliament, composed of representatives of the national legislation of the Member States, was also created, but its role has so far been consultative and almost negligible in terms of its impact on effective decision-making within the Andean Pact. The Andean Community and Mercosur are the two main trading blocs in South America. In 1999, these organizations began negotiating a merger for the creation of a «South American Free Trade Area» (SAFTA). On 8 December 2004, the Andean Community (CAN) signed a cooperation agreement with Mercosur and issued a Memorandum of Understanding for future negotiations for the integration of the whole of South America into a South American Union (USAN) on the model of the European Union. Negotiations on Ecuador`s accession to the trade agreement with Colombia and Peru were concluded in July 2014. The Protocol of Accession to Ecuador was signed in November 2016 and has been provisionally applied since 1 January 2017. Initially, the Andean Group`s cooperative efforts have led to a significant increase in regional trade and industrial growth. .