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PRESS RELEASE: PRESS/TPRB/273

TRADE POLICY REVIEW:

Clear progress in modernization and liberalization but further reforms needed

Colombia has achieved steady economic growth in recent years, and has made definite progress in the modernization and liberalization of its trade regime since its previous review in 1996. Non-tariff barriers to trade have been significantly reduced and the country has embarked on an ambitious programme of reforms of many economic sectors particularly services, according to a WTO Secretariat report on the trade policies and practices of Colombia.

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The report notes that to consolidate and broaden these gains it would be important to address, among others, certain practices related to customs, import licensing, local content requirements, internal taxes and the regulation of certain services. It would be also useful to reassess export promotion and incentive schemes.

The report, along with policy statement by the Government of Colombia, will be the basis for the third Trade Policy Review (TPR) of Colombia by the Trade Policy Review Body of the WTO on 22 and 24 November 2006.

The WTO report, along with a policy statement by the Government, will be the basis for the Trade Policy Review (TPR) by the Trade Policy Review Body of the WTO.

The following documents are available in MS Word format.

• Secretariat report
  > Contents and summary observations (12 pages, 100KB)
  > Economic environment (13 pages, 511KB)
  > Trade and investment regimes (13 pages, 124KB)
  > Trade policies and practices by measure (42 pages, 652KB)
  > Trade policies by sector (46 pages, 486KB)
  > Appendix tables (28 pages, 1246KB)
    
• Government report (13 pages, 98KB)
    

Note  back to top

Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB’s meetings are published shortly afterwards.

Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop.

The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.

Schedule of forthcoming reviews  back to top

Hong Kong, China: 13 and 15 December 2006
Chad: 15 and 17 January 2007
Japan: 31 January and 2 February 2007

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