Russia-Andean Community, Trade Relations

1. International Trade in Goods and Services between the Andean Community and Russia
2. Foreign Direct Investment flows Russia-Andean Community

The Subject “Andean Community-Russia” is included within the curriculum of the following academic programs at EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages: or Comunidad Andina Rusia Russie.

Trade Relations between the Andean Community and Russia.

The Andean Community and the Russian Federation have established a mechanism for political dialogue and cooperation to intensify and expand their friendship, mutual understanding; and economic, scientific, and technical cooperation.

Foreign Trade between the Andean Community (Bolivia, Colombia, Ecuador, and Peru) and Russia, reached 1,130 million dollars, suffering a decline of 112 million dollars in 2009.

1. Annual trade balance is positive for the Andean Community in the last decade
2. During the past decade the Andean Community exports to Russia are growing at an average annual rate of 14%
3. Main exporter to Russia of the Andean Community is Ecuador, exports from Ecuador to Russia: 597 million dollars
4. Peru is the Andean economy with the largest level of imports from Russia in the last three years, imports of this country amounted to 207 million dollars (48% of the Andean Community imports from the Russian market)

The Andean Countries belong to Western Civilization (Hispanic American) and Russia to Orthodox Civilization.