Actividad de aprendizaje 11 Evidencia

Evidencia 3: Ensayo “Free Trade Agreement (FTA): advantages and disadvantages”

Presentado Por:

LUISA FERNANDA CAMPAZ VERNAZA

FICHA No. 1749906.

INSTRUCTOR LIDER:
ASUNCION RODRIGUEZ

SERVICIO NACIONAL DE APRENDIZAJE “SENA”

NEGOCIACIÓN INTERNACIONAL
2019
 Evidencia desarrollada.

The Trade Promotion Agreement between the Republic of Colombia and the United States of
America, its attached letters and its understandings were signed in Washington, on November 22,
2006.

The process of incorporation into Colombian domestic legislation was filled by the approval of
Law 1143 2007 by the Colombian Congress, and was complemented by Judgment C-750/08 of
the Constitutional Court through which the Agreement and the aforementioned law were found
consistent to the constitutional order of the country. The “Modifying Protocol” of the Agreement,
signed in Washington on June 28, 2007, and approved by Law 1166 of 2007, whose exequibility
was declared in Judgment C-751/08, ran the same fate.

On October 12, 2011, the Congress of the United States approved the Agreement, a fact that was
followed by the approval of the law passed by President Obama on October 21, 2011. This began
the stage of regulatory implementation of the Agreement in Colombia, which was intended to
verify that adjustments are made to ensure that the Agreement is compatible with our legal
system.

Exhausted this stage, the exchange of notes between the two governments is made, which was
carried out in the last VI Summit of the Americas in Cartagena de Indias, in which the date of
entry into force of the FTA was established.

The process culminates with the publication of Decree 993 of May 15, 2012, which promulgates
the "Trade Promotion Agreement between the Republic of Colombia and the United States of
America", its "Attached Letters" and its "Understandings" , the Proclamation is a necessary
requirement for the entry into force of the Treaty.

Advantages of a free trade agreement with the United States

The main benefit of the TLC for Colombia is the consolidation of tariff preferences.
Increase in non-mining exports.
 Wedgrafia

http://www.tlc.gov.co/acuerdos/vigente/acuerdo-de-promocion-comercial-entre-la-republ-1