In May 2004, the United States initiated
free trade agreement negotiations with Colombia,
Peru, and
Ecuador. The United States concluded negotiations with Colombia in February 2006 and the CTPA was signed on November 22, 2006. After, based on "the New Trade Policy Template", a bipartisan agreement, both countries negotiated a Protocol of Amendment that was signed on June 28, 2007.
Process in Colombia The agreement was signed on November 22, 2006, was submitted to the Colombian Congress by President
Álvaro Uribe on November 30, 2006. The Bill was debated and voted in a joint session on April 25, 2007. The House Floor approved it on June 5, 2007 (Yeas 85, Nays 10) and the Senate Floor vote on June 14, 2007 (Yeas 55, Nays 3). Finally, the CTPA became public law -
Ley 1143 - on July 4, 2007. The Protocol of Amendment, signed on June 28, 2007, was submitted to the Colombian Congress by, Uribe on July 20 of 2007. The Bill was approved in a joint session on August 29, 2007, and voted by the House Floor on September 25, 2007 (Yeas 84, Nays 3). After, the Senate Floor approved the Bill on October 30, 2007 (Yeas 54, Nays 16). Finally, the Protocol of Amendment became public Law –
Ley 1116 – on November 21, 2007. The Agreement then underwent a constitutionally mandated court review, according to Colombian regulations. The agreement was deemed to conform to the Colombian Constitution by Colombia's Constitutional Court in July 2008. Aspects of the agreement relating to copyright were planned to be implemented in Colombia Bill no. 201 of 2012.
Process in the U.S. President Bush sent legislation to implement the U.S.-Colombia Trade Promotion Agreement to Congress for its approval on April 7, 2007. It was not approved before the end of the Congressional session in December 2008 or the end of President Bush's term in January 2009. President Obama asked the Office of the U.S. Trade Representative to address outstanding issues in the agreement; U.S. Congress' failure to secure approval of the Colombia Free Trade Agreement has adversely affected bilateral relations between the two nations. On October 12, 2011 after renegotiating parts of the agreement, it was passed by the
House 262–167 and the
Senate 66–33. An aid program for displaced workers called Trade Adjustment Assistance (TAA) was also included in the bill. == Key provisions of the U.S.-Colombia Trade Promotion Agreement ==