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G3 Free Trade Agreement

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For other uses, see G3 Free Trade Agreement (disambiguation).

The current G3 member states are:

G3 countries.

The G-3 is a free trade agreement between Colombia, Mexico and Venezuela(recently was completed by South Africa and India) 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. 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.

See also

Template:G-3

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