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 Sub-region, 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, Colombia and Venezuela signed a partial scope agreement on 28 November 2011. The agreement provides a legal framework to regulate trade between the two nations and its purpose is to establish tariff preferences for imports of products originating in both countries.

16 April 2012	Colombia and Venezuela sign the annexes to the Partial Scope Agreement between both countries
09 February 2012	Last round of trade negotiations between Colombia and Venezuela
January 2012	Trade Agreements between Venezuela and Colombia moves  forward
29 November 2011	Colombia and Venezuela sign partial scope agreement
Source: Ministerio de Comercio, Industria y Turismo, Colombia; Embassy of the Bolivarian Republic of Venezuela in Washington, D.C.

The Colombia-Venezuela Partial Scope Agreement entered into force on 19 October 2012.

19 October 2012	Colombia-Venezuela Partial Scope Agreement enters into force
Source: Presidencia de la República, Colombia

• Ministerio de Comercio, Industria y Turismo, Colombia
• Presidencia de la República, Colombia
• Embassy of the Bolivarian Republic of Venezuela in Washington, D.C.