Colombia - Cuba Economic Agreement

The Free Trade Agreement between Cuba and Colombia entered into force in July 2021, providing for the reduction or elimination of border tariffs on goods traded between the countries, including: 

• Electric motors, turbines and generators; 
• Mechanical equipment including pumps, appliances, and other advanced machinery; 
• Electric accumulators, transformers, capacitors, batteries; 
• Motor vehicles; 
• Mineral ore, slag and ash; 
• Mineral fuels, oils and other products; 
• Metals and their articles e.g. iron and steel; 
• Semiconductors devices and photovoltaic cells; 

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 50% of the transaction value of the good to benefit from the tariff treatment established by the Agreement.

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