Colombia's government said it will launch free-trade negotiations with Japan later this week, one month after finalizing a long-delayed agreement with the U.S., its top trading partner.
In a statement, President Juan Manuel Santos also said free-trade talks with South Korea will wrap up soon, and said that by June 2.012 a trade deal with the European Union will be approved.
Colombia imports about $800 million worth of products from Japan, including cars and car parts.
It exports to Japan about $400 million a year of products such as coffee and flowers.
In addition to Colombia's free-trade deal with the U.S., the South American nation also has agreements with Canada and Switzerland.
Free trade deals seek to eliminate tariffs on the importation of most products between the countries.
Santos said Colombia also hopes to soon start trade talks with neighboring Venezuela.
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