G3

The G-3 is a free trade agreement between Colombia, Mexico and Venezuela that came into effect on January 1, 1995, creating an extended market of 149 million consumers with a combined GDP of US$486.5 billion. The agreement states a 10% tariff reduction over ten years (starting in 1995) for the trade of goods and services among its members and creates a link between the NAFTA and the Andean Pact. The agreement is a third generation one, not limited to liberalizing trade, but including issues such as investment, services, government purchases, regulations to fight against unfair competition and intellectual property rights.

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Free trade: Free trade is the untaxed flow of goods and services between countries, and is a name given to economic policies and parties supporting increases in such trade....

Colombia: :For other uses, see Columbia....

Mexico: The United Mexican States or Mexico (Spanish: Estados Unidos Mexicanos or M?xico; regarding the use of the variant spelling M?jico, see section The name below) is a country located in North America, bordered by the United States to the north, and Belize and Guatemala to the southeast. It is the nort...