MERCOSUR-Colombia Free Trade Agreement

The Free Trade Agreement between MERCOSUR and Colombia entered into force in December 2017, fully or partially eliminating import tariff for most energy products and technologies, including: 

• Agglomerated and reduced iron and Crude steel;
• Aluminium and Solar wafers;
• Polysilicon and Battery packs;
• Battery cells;
• Electrolysers;
• Heat Pumps;
• Electric cars and ICE cars;

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 40-50% of the transaction value of the good to benefit from the tariff treatment established by the Agreement.

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