The Andean Community
trading block has granted
Venezuela the right to increase its tariffs on steel imports from non-member countries by 20%, 25% or 30%, depending on the product while
Colombia, another member, has been granted to increase tariffs by 10% to last until October 2003, according to latest reports from the industry.
The range of products that may be subject to such duties cover
flats,
longs, wires, tubes and finished goods.
Andean Community is a sub regional organization, consisting of
Bolivia,
Colombia,
Peru and
Venezuela and bodies and institutions that aim to work closely in the region to promote the integration, external projection and reinforce the actions in connection with the process.