Report by the WTO Secretariat

Since the last Trade Policy Review conducted in 2006, Colombia has continued steering its trade policy towards greater openness, setting its sights on closer integration with Latin America and the Caribbean, as well as with the rest of the world, through the negotiation of preferential agreements to increase external trade and foreign investment flows. To this end, Colombia has participated in various negotiations to consolidate existing bilateral and regional agreements, and has signed and continues actively negotiating new agreements with the aim of ensuring preferential access to strategic markets. This does not detract from the particular importance that Colombia attaches to participation in the WTO as part of its trade policy strategy. Colombia therefore places great emphasis on maintaining an open trade regime in the framework of a transparent multilateral system complemented by regional and bilateral efforts.