Course summary The Trade Agreement between Colombia, Peru and the European
Union :
The European Union, Colombia
and Peru announced the conclusion of
negotiations for a trade agreement on may 2010 during the EU-LAC summit. This
Agreement is estimated to be worth half a billion Euros in duties saved alone
and is expected to boost Colombia and Peru's economies by close to 1% of GDP.
The EU is the second largest trading partner of the Andean region after
the United States.
In 2010, the Andean Community of Nations (Bolivia, Colombia, Ecuador and Peru)
represented 0.7% of the EU's world trade whereas the EU totaled 14% of CAN's
trade (2009).
In 2010,EU imports from Andean countries are predominantly primary products:
agricultural products (41.1%); fuels and mining products (44.7%).
EU exports consist mostly of manufactured goods (81.5%), notably machinery and
transport equipment (46.5%) and chemical products (13.8%).
Example of the course The Trade Agreement between Colombia,
Peru and the European Union :
