Israel and Colombia entered into a free trade agreement on Monday, the result of negotiations begun in 2011.
The document was signed by Economy and Trade Minister Naftali Bennett and Colombian Industry and Tourism Minister Sergio Diaz-Granados, in the presence of President Shimon Peres and Colombia President Juan Manuel Santos at the President’s Residence in Jerusalem.
The agreement, to come into effect by the end of the year, will reduce tariffs on industrial and agricultural products between the two countries, and enable Israeli companies and individuals to invest with greater ease in the Colombia economy, considered one of the strongest in South America.
Israeli exports to Colombia totaled some $143 million in 2012, and consisted mostly of communications equipment, machinery, electrical and mechanical devices and chemical products, according to Hebrew news site News1.
Bennett said the agreement would open new markets for Israeli products and also “strengthen Israel’s position in Latin America.”
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
Add ToI as a Preferred Source on Google
