E-mail: email@example.comfirstname.lastname@example.org The agreement gradually opens markets on both sides and improves the stability and predictability of the business and investment environment. As a result, the EU now has a preferential trade agreement with three countries in the Andean Community (Bolivia is the exception). Bolivia currently benefits from the EU`s System of Generalized Preferences (GSP), thanks in part to the special incentive scheme for sustainable development and governance, known as the GSP. Bolivia could also request accession negotiations to the trade agreement, if it so wishes. The EU-Colombia-Peru-Ecuador trade agreement improves market access by reducing or eliminating tariffs on products essential for bilateral trade. The trade agreement offers greater protection of intellectual property rights for your imports and exports to and from Colombia, Ecuador or Peru. Chapter 3 closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers trade in all service sectors under the four types of supply. Separate annexes to financial services (Annex XI), telecommunications services (Annex XII), the free movement of individuals providing services (Annex XIII) and maritime transport services (Annex XIV) complete the chapter with additional disciplines specific to these sectors.
Lists of contracting parties with specific obligations and derogations from the treatment of the Most Preferred Nation (MPF) are listed in Appendix IX and X, respectively. These lists are subject to regular revision to further liberalize the exchange of services between the two parties. Short-term business travellers to the EU can stay temporarily in Colombia, Ecuador and Peru, and vice versa. These include service providers mandated to provide a service to a final consumer in the European Union (architecture, engineering, medical services, research and design, market research, fairs, tourism). The trade agreement opens up service markets to each other in both regions and provides the legal certainty and predictability you need as a service provider. It goes beyond the commitments made under the WTO`s General Agreement on Trade in Services, strengthens access to important sectors such as telecommunications, financial and business services, environmental services, distribution services and non-market services, while the parties reserve the right to change aspects of particular importance (for example). B, limit the minimum percentage of labour that must be local, THE IT services used in cross-border activities and the ancillary services used in air transport).