Saturday, 6 November 2010

TLC between the EU and Peru/Colombia: Legal review will come to an end

According to the Ministry of Foreign Trade and Tourism (Mincetur), next week Peru will culminate the process of legal review of the text of the Free Trade Agreement (FTA) between the European Union (EU) and Peru and Colombia.

In this regard, the Minister of Foreign Trade, Carlos Posada, notes that the Peruvian legal team has been progressively advancing in the legal review of the text, which according to him, is expected to close next week.

The Peruvian newspaper ‘La Republica’, also reports that Colombia will be holding next week, the fourth meeting of legal review of the said text. However, it mentions the complexity of the process for its counterpart: the EU, since they cover 27 countries that have to translate the text into their various languages.

I cannot wait to see the actual FTA. Last March I spoke about this FTA in a seminar hold at the University of Alicante, subsequently I also attended a conference in the US where I too dealt with some of the situations regarding the IP section of this Agreement. In addition, last week I submitted a paper in the Journal of Intellectual Property Law for consideration regarding the section of Geographical Indications of this FTA. As you can guess, I am pretty much anxious to see whether the text has been modified or has been kept the same as in the draft; but more importantly, my concerns is what will be the reaction of the Andean population when the text is finally disclosed and put into action.

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