Colombia, Peru, and the EU, finished negotiations on a trade agreement in 2010.
The Trade Agreement between Colombia, Peru, and the EU is esteemed at a value of 500 million Euros in saved duties
It is esteemed to increase the economies of Colombia and Peru by 1% of the GDP
Foreign Trade EU-Andean Countries.
The EU is the second-largest trade partner of the Andean Community region (after the U.S.)
The Andean Community (Bolivia, Colombia, Ecuador, and Peru) represented only 0.7% of EU international trade,
while the EU amounted to 14% of the Andean Community International Trade
The EU imports from the countries of the Andean Community are mainly primary products: agricultural export products (41.1%), fuels, and mining products (44.7%)
The EU Exports to the countries of the Andean Community: manufactured products (81%), machinery, transport equipment (47%), and chemical products (14%)