This article is a brief summary of the main activity in the field of trade policy in Latin America for the period between December 2015 and the third week of January 2016.
This month’s trends
During this period, the regional trade policy panorama was marked by extraregional events such as the World Trade Organization Ministerial Conference in Nairobi and the Paris Agreements on climate change, which took place in December 2015. Notable events at the regional level include the 49th Summit of Heads of State of MERCOSUR in December 2015, and the recent 4th CELAC Summit, held at the end of January 2016. Although there was less movement than during the previous period, progress was made on existing agreements, notably Chile’s, Colombia’s, Panama’s, and Peru’s regional agreements with partners within and outside of the region; and in the main integration blocs, such as ALADI, CAN, MERCOSUR, SICA, SELA, and UNASUR. Nonetheless, there were advances in negotiation processes that are just beginning and those which are at an advanced stage.
Over the course of the month, headway was made on 21 existing agreements and 11 trade negotiations (one new, seven advanced, and three concluded).
- TPP: Prior to the official signing on February 4, 2016, in Auckland, New Zealand publishes final version of Trans-Pacific Partnership (in Spanish)
- Central America/South Korea: “Coffee and fruit stand out in FTA with South Korea” (in Spanish)
- CELAC finalizes details for talks on peace, poverty, and development at the 4th CELAC Summit (in Spanish)
- Panama/Israel: Positive international negotiations during 2015 (in Spanish)
Selected news on trade agreements currently in force
- Central America/European Union: Nicaragua has yet to take advantage of association agreement meat quota (in Spanish)
- Colombia/Venezuela: Venezuela to reopen border with Colombia (in Spanish) and Trade agreement between Colombia and Venezuela subject to presidential sanction (in Spanish)
- Andean Community (CAN): Walker San Miguel elected Secretary General of the Andean Community (in Spanish) and European Union earmarks over €9 million to implement new development projects on borders of Andean subregion (in Spanish)
- Amazonian Cooperation: Amazon countries adopt declaration for 21st Conference of the Parties (COP21) (in Spanish)
- MERCOSUR: MERCOSUR countries call for “continental integration” at the 49th Summit of Heads of State (in Spanish)
- Central American Integration System (SICA): Costa Rica leaves SICA political authority (in Spanish) and SICA summit concludes with no solution for Cuban migrants (in Spanish)
- SELA: Regulatory frameworks in subregional integration mechanisms in Latin America and the Caribbean: harmonization and convergence (in Spanish)
- UNASUR hopes for a “peaceful solution” between Venezuela’s National Assembly and the Supreme Court of Justice (in Spanish)
The IJI is an analytical compilation of regulatory texts, commentaries, and monitoring of legal commitments and developments concerning the various integration processes taking place in Latin America and the Caribbean. For news and to learn more about the progress made on trade agreements and negotiations, visit IJI.