EU Signs Trade Pact With Colombia, Peru Amid Vietnam Talks

Law360, New York (June 26, 2012, 2:21 PM EDT) -- The European Union moved to strengthen its trade relations on Tuesday, signing a free trade pact with Colombia and Peru that will eliminate €270 million ($337 million) in tariffs that EU exporters pay annually, while launching free trade negotiations with Vietnam.

The EU trade commissioner, the Danish ambassador and the trade ministers from Colombia and Peru signed a trade agreement on Tuesday, finalizing the commitments the parties reached and kicking off the formal ratification procedures. The deal aims to put the South American countries on level...
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