Reports say talks are advancing.

The Argentine government is working to negotiate a broader agreement on free automotive trade with Colombia and the talks are advancing, according to regional media reports. Argentina has proposed a duty-free interchange of vehicles over an eight-year period, similar to an agreement Brazil has secured with Colombia. According to the report, Argentine firms could export between 15,000 and 20,000 cars per annum to Colombia. Colombia is reported to be interested in pick-ups assembled in Argentina, while Argentina could export some completely knocked down (CKD) production of the Renault Duster, a small General Motors (GM) vehicle, or Hino commercial trucks. The report also notes that Argentina is looking to have the agreement finalised by 21 April, the same date that the Brazil-Colombia agreement is scheduled to be signed.
 

Significance: According to IHS Automotive production forecast data, Colombia did not export vehicles to Brazil or Argentina in 2015, though exports to Brazil are forecasted to begin in 2016. Argentina exported the Ford Ranger, Mercedes-Benz Sprinter, Peugeot 308, Renault Fluence, Toyota Hilux and Hilux SW4, and Volkswagen Amarok to Colombia, involving a total of 6,120 vehicles, a decline of 30% compared with 2014. Colombia also saw vehicle sales decline to 267,821 units in 2015 from 296,047 units in 2014. With sales barely flat in Argentina in 2015 and declining in its largest export market, as well as conditions in many of its export markets causing declines in exports to most trading partners, the country's overall vehicle production declined in 2015 and is forecasted to continue to decline in 2016. Securing a free-trade agreement with Colombia could assist in countering this, but may add only incremental export increases for Argentina. An agreement on free automotive trade could serve to increase Argentine exports to Colombia, as well as help stop potentially losing exports to Colombia to Brazilian companies following the new Brazil-Colombia free-trade agreement. Brazil has a stronger production base than Argentina and will likely continue to provide Colombia with more volume than Argentina. In 2015, according to IHS data, Brazil exported about 15,000 units to Colombia and is forecasted to increase that number to nearly 25,000 units in 2018. In 2015, Nissan exported the most volume from Brazil to Colombia, moving 8,124 units combined of the March and the Versa.

Contacts

Copyright © 2025 S&P Global Inc. All rights reserved.

These materials, including any software, data, processing technology, index data, ratings, credit-related analysis, research, model, software or other application or output described herein, or any part thereof (collectively the “Property”) constitute the proprietary and confidential information of S&P Global Inc its affiliates (each and together “S&P Global”) and/or its third party provider licensors. S&P Global on behalf of itself and its third-party licensors reserves all rights in and to the Property. These materials have been prepared solely for information purposes based upon information generally available to the public and from sources believed to be reliable.
Any copying, reproduction, reverse-engineering, modification, distribution, transmission or disclosure of the Property, in any form or by any means, is strictly prohibited without the prior written consent of S&P Global. The Property shall not be used for any unauthorized or unlawful purposes. S&P Global’s opinions, statements, estimates, projections, quotes and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security, and there is no obligation on S&P Global to update the foregoing or any other element of the Property. S&P Global may provide index data. Direct investment in an index is not possible. Exposure to an asset class represented by an index is available through investable instruments based on that index. The Property and its composition and content are subject to change without notice.

THE PROPERTY IS PROVIDED ON AN “AS IS” BASIS. NEITHER S&P GLOBAL NOR ANY THIRD PARTY PROVIDERS (TOGETHER, “S&P GLOBAL PARTIES”) MAKE ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE PROPERTY’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE PROPERTY WILL OPERATE IN ANY SOFTWARE OR HARDWARE CONFIGURATION, NOR ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO ITS ACCURACY, AVAILABILITY, COMPLETENESS OR TIMELINESS, OR TO THE RESULTS TO BE OBTAINED FROM THE USE OF THE PROPERTY. S&P GLOBAL PARTIES SHALL NOT IN ANY WAY BE LIABLE TO ANY RECIPIENT FOR ANY INACCURACIES, ERRORS OR OMISSIONS REGARDLESS OF THE CAUSE. Without limiting the foregoing, S&P Global Parties shall have no liability whatsoever to any recipient, whether in contract, in tort (including negligence), under warranty, under statute or otherwise, in respect of any loss or damage suffered by any recipient as a result of or in connection with the Property, or any course of action determined, by it or any third party, whether or not based on or relating to the Property. In no event shall S&P Global be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including without limitation lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Property even if advised of the possibility of such damages. The Property should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions.

The S&P Global logo is a registered trademark of S&P Global, and the trademarks of S&P Global used within this document or materials are protected by international laws. Any other names may be trademarks of their respective owners.

The inclusion of a link to an external website by S&P Global should not be understood to be an endorsement of that website or the website's owners (or their products/services). S&P Global is not responsible for either the content or output of external websites. S&P Global keeps certain activities of its divisions separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain divisions of S&P Global may have information that is not available to other S&P Global divisions. S&P Global has established policies and procedures to maintain the confidentiality of certain nonpublic information received in connection with each analytical process. S&P Global may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P Global reserves the right to disseminate its opinions and analyses. S&P Global Ratings’ public ratings and analyses are made available on its sites, www.spglobal.com/ratings (free of charge) and www.capitaliq.com (subscription), and may be distributed through other means, including via S&P Global publications and third party redistributors.