Colombia Inks Free Trade Pact With Chile

Following the signing of its free trade pact with the US last week, Colombia sealed a comprehensive treaty with Chile, Monday, covering investment, government procurement and services between the two countries. Colombia and Chile had already liberalized much of their bilateral trade through an existing free trade framework. Colombia finally signed its free trade agreement with the US in Washington last week after two years of negotiations. The trade pact must still be approved by Congress in the US as well as in Colombia.