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After the two countries negotiated a protocol of amendment signed on 28 June 2007 on the basis of the “New Trade Policy Template”, a multi-party agreement. Environmental protection commitments: Both parties also committed to effectively implement their own national environmental laws and to adopt, maintain and implement laws, regulations and all other measures in order to meet their obligations under covered multilateral environmental agreements. All obligations under the environmental chapter are subject to the same dispute settlement procedures and enforcement mechanisms as the AAA`s trade obligations. The Colombian Trade Agreement (COTPA) entered into force on 15 May 2012.