This document is an excerpt from the EUR-Lex website. Summaries of EU Legislation. Multilingual display. Benefits of the trade agreement for partners. The TA identifies the respect for human rights and the rule of law as essential elements. The TA also includes elements to promote sustainable development through the implementation of international conventions on labour rights and environmental protection.
Successive amendments to the agreement have been incorporated into the original text. This consolidated version is of documentary value only. Notice concerning the provisional application between the European Union and the Republic of Ecuador of the Protocol of Accession to the Trade Agreement between the European Union and its Member States, of the one part, and Colombia and Peru, of the other part, to take account of the accession of Ecuador OJ L , Skip to main content.
Access to European Union law. Help Print. EU case-law Case-law Reports of cases Directory of case-law. Quick search. Use quotation marks to search for an "exact phrase". Use a question mark? Search tips. Need more search options? Use the Advanced search. The TA between the EU and Colombia and Peru aims to open up markets on both sides and improve the stability of the trade relationship between the partners. It provides for progressive and reciprocal liberalisation by means of an ambitious and balanced free trade area.
The TA creates significant opportunities for businesses and consumers on both sides. The TA also aims to foster regional integration among the Andean countries. In this context, in July , negotiations were concluded for the accession of Ecuador to the TA, resulting in its accession in January Bolivia, a member of the Andean Community, also has the possibility to seek accession to the TA. Human rights and sustainable development The TA identifies the respect for human rights and the rule of law as essential elements.
The EU is the largest investor in Peru, mainly in communications, extractive industries, banking and finance. In Colombia , the TA allows the country to diversify its exports to the EU, not only for agriculture and fisheries, but also for Colombian industrial products. The EU is the largest investor in Colombia and is mainly involved in the agricultural, fuel and mining sectors. It has had a stabilising effect on trade despite the fall in commodity prices, and it continues to promote the diversification of trade.
