Well, this could be the case for Colombia, as in recent weeks corporate giants are filing multi-million claims against the state for alleged violations to the FTA guidelines. If countries are not responsible in their application, FTAs can turn into headaches instead. It is well known that FTAs are mixed blessings, they are complex relationships with thousands of intricacies. Colombia has been relying on free trade agreements (FTAs) to cement their position in the international markets, they have 13 of these agreements signed, with a handful of others pending ratification.
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