To this end, the amending regulation inserts a new article in Regulation 539/2001 stating that the purpose of the latter is to determine those third countries whose nationals are subject to or exempt from the visa requirement, based on a case-by-case assessment of a variety of criteria relating, inter alia, to illegal immigration, public policy and security, the economic benefits, in particular in terms of tourism and foreign trade, and the Union's external relations with the relevant third countries including, in particular, human rights and fundamental freedoms considerations, as well as the implications of regional coherence and reciprocity.

Regarding Colombia and Peru, the amended regulation states that the Commission will further assess the situation of both countries with regard to the criteria set out in the new article before the opening of negotiations on bilateral agreements on visa waiver.

Council Regulation 539/2001 was recently amended to introduce a new safeguard clause ("suspension mechanism") allowing the temporary reintroduction of the visa requirement - in specific circumstances- for nationals of a third country who can normally travel to the European Union without a visa (countries listed in Annex II of the regulation). The new rules also strengthened the retaliation mechanism towards a breach of reciprocity by a third country ("reciprocity mechanism"), i.e. how to deal with situations where a country listed in Annex II reintroduces a visa requirement for nationals of a particular or of several member states (see press release).