Israel and Colombia Reinstate Free Trade Agreement
Translated & summarized from Davar by baba
Israel and Colombia have reinstated their free trade agreement, the Foreign Ministry announced Tuesday, reversing a previous cancellation. This action follows a July meeting between the foreign ministers and is part of a broader renewal of ties after diplomatic relations were severed in 2024. Colombian Foreign Minister Omar Bolivar Escobar is visiting Israel for the inauguration of his country's embassy in Jerusalem.
The story in 6 lines · by baba
- Israel and Colombia have reinstated their free trade agreement, effective Tuesday.
- The move reverses a decision by former Colombian President Gustavo Petro to cancel the deal.
- The reinstatement follows a July meeting between Israeli Foreign Minister Gideon Sa'ar and his Colombian counterpart.
- Diplomatic ties between the nations, severed in 2024, were restored in August.
- Colombian Foreign Minister Omar Bolivar Escobar will attend the inauguration of his country's embassy in Jerusalem.
- Both countries also agreed to mutual visa waivers, effective September 1.
Israel and Colombia have reinstated their free trade agreement, the Foreign Ministry announced Tuesday. This move finalizes the exchange of letters that nullifies the previous Colombian President Gustavo Petro's decision to cancel the deal. The reinstatement follows agreements reached between Israeli Foreign Minister Gideon Sa'ar and his Colombian counterpart Omar Bolivar Escobar during a meeting in Washington on July 15. The free trade agreement originally took effect in August 2020.
This step is part of a broader effort to renew relations between the two countries after a change in government in Colombia. Diplomatic ties, severed in 2024 during Petro's presidency, were restored in August of this year. Since then, both nations have also agreed to mutual visa requirement waivers, effective September 1.
Colombian Foreign Minister Omar Bolivar Escobar is expected to visit Israel on Tuesday and will attend the inauguration of Colombia's embassy in Jerusalem on Wednesday. The embassy's opening is one of the key agreements made as part of the relationship renewal.
Foreign Minister Sa'ar stated, "Within two months, we have reversed most of the negative consequences of Petro's term on Israel-Colombia relations and even forged new paths. I thank my friend, Colombian President Abelardo de la Espriella, for his determination to lead Israel-Colombia relations to an all-time high, and I am convinced we will indeed achieve this together."
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