EU trade deal with Colombia and Peru takes effect
The deal could potentially save exporters €500 million every year in tariffs alone. It is expected to boost European sales of cars, luxury goods and chemical products as well as Peru's and Colombia's food and mineral exports to Europe.
The deal has been controversial because of working conditions and labour rights, especially in Colombia, where right-wing death squads have assassinated scores of trade unionists.
The European Commission said that the deal includes “far-reaching provisions on the respect of human rights, the rule of law and effective implementation of international conventions on labour rights and environmental protection”.
An inclusive supervisory committee will be set up to monitor implementation of the deal, with the participation of trade unions and human rights groups.
The EU has made it clear that it would like Ecuador and Bolivia to join the new trade zone.
Source: www.europeanvoice.com
