Free Trade Agreement Talks Stall with Columbia
D-Bo , June 19, 2014, 7:43 a.m.
According to a recent report by TeleSUR, Colombia's Congress continues to refuse to pass the free trade agreement with Korea. Columbia’s House of Representative is reviewing the terms and conditions of the free trade agreement and will be discussing the agreement at next month’s hearing. The delay comes amid concerns the agreement will hurt Colombia's automobile industry. The FTA was signed by Colombia and Korea in February 2013 and aims to cut tariffs by 96 percent within 10 years.