On 22 April, 2006, Venezuela announced its decision to terminate
the Agreement of Cartagena, revoking its rights and obligations as a member of the Andean Community,
with the exception of the benefits received and granted under the Liberalization Program of the Subregion,
that would remain in force for a period of five years.
On 27 April, 2011, Decision 746
 of the Andean Community established
that said tariff preferences would be extended until the entry into force of a bilateral agreement between
each of the member countries and Venezuela.
In this context, Peru and Venezuela signed a Partial Scope Trade Agreement on 07 January, 2012. On
03 February, 2012, both countries concluded the negotiations of the pending annexes of the agreement after
five rounds of negotiations.
| 03 February 2012 |
Fifth round of negotiations
|
| 18 October 2011 |
Third round of trade negotiations
|
| Source: Ministerio
de Comercio Exterior y Turismo (MINCETUR), Peru |
|
