- 11 de Dezembro, 2012
Trade Agreement EU-Colombia and Peru will bring more economic and social development, Mário David MEP
The European Parliament gave its consent today to a Trade Agreement between the European Union and Colombia and Peru, by a large majority of 72% of the votes in favour, which will contribute to the development of sustainable markets and GDP growth in both our South American partners: "All of which will surely attract more EU investors to the region", said the Portuguese MEP.Under this Agreement, Colombian and Peruvian exports of bananas, grapes and shrimps to the EU market will particularly benefit from lower tariffs. On the other hand, EU machinery, construction, the automobile and chemical industries in particular will benefit most."This Agreement includes important human rights clauses, as well as sustainability and environmental clauses. I highly value both Presidents Santos and Humalla from Colombia and Peru for having shown concrete political willingness to adopt specific legislation in the social and environmental fields, and the governments having already voluntarily presented a roadmap on these topics, in close cooperation with the European Parliament", continued Mário David. Trade between the EU and Colombia and Peru grew by 10% between 2006 and 2010. And according to a Sustainable Impact Assessment, the estimated overall long-term welfare gains from the Trade Agreement are up to 1.3% of GDP for Colombia and 0.7% for Peru. An accession clause is included in the Agreement for other countries of the Andean Community to join - such as Ecuador and Bolivia. "The EPP Group is proud to have conducted an inclusive strategy that brought a large majority of political groups to endorse this Trade Agreement", concluded Mr David.InFocus: Trade Agreement between the EU and Colombia and Peru - Improving trade relations for more economic and social development
