Trade and markets
 

Detail

Area
Colombia
Commodity Group
Rice
Commodity
All
Date
23/08/2018
Policy Category
Trade
Policy Instrument
Import quota
Description
Reached an agreement with Peruvian counterparts, whereby Peru would rescind retaliatory import duties on ten Colombian products in exchange for Colombia's removal of entry barriers of rice originating in Peru. According to Peruvian officials, the agreement envisages Colombia progressively removing restrictions on Peruvian rice imports, as of 1 September 2018, and establishing an initial import quota of 45 000 tonnes for Peruvian rice. This volume would grow progressively until September 2022, when unlimited imports of Peruvian rice would be allowed into Colombia.