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Andean Community

Andean countries

In June 2012 the EU signed an ambitious and comprehensive Trade Agreement with Colombia and Peru. The agreement is provisionally applied with Peru since 1 March 2013 and with Colombia since 1 August 2013.

Once fully implemented, it will open up markets on both sides as well as increase the stability and predictability of the trading environment. To promote its effective implementation, two seminars were organised in Lima and in Bogota.

In July 2014 negotiations were concluded for the accession of Ecuador to the Trade Agreement with Colombia and Peru (read the texts of the trade agreement). In order to apply the Agreement with Ecuador the Parties will now engage in the relevant internal procedures for its approval.

Contacts are maintained to explore the possibility to integrate Bolivia, who is also members of the Andean Community, into the trade deal with the EU.

Trade picture

Andean countries:

The EU is the second or the third largest bilateral trading partner and one of the principal investors for the Andean countries. In 2013 total trade of the E with the Andean countries was worth some 28 billion Euros.

  • The Andean countries export predominantly primary products (agricultural products (29%), fuels and mining products (56%) to the EU.
  • EU exports consist mostly of manufactured goods, notably machinery and transport equipment (48%), and chemical products (20%).

EU-Andean community (4) "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 16.1 9.6 -6.5
2012 17.8 11.7 -6.0
2013 16.0 12.4 -3.6

EU and the Andean Community

Trade negotiations between the EU and with Colombia and Peru were successfully concluded in 2011. The text of the Trade Agreement (Peru and Colombia Trade Agreement - full text)- was signed on June 2012 and started its application with Peru on 1 March 2013 and with Colombia on 1 August 2013. First meetings of all of the established subcommittees took place between February and April 2014 with the Trade Committee taking place in May 2014

The Agreement provides for progressive and reciprocal liberalisation by means of an ambitious, comprehensive and balanced free trade area. This is important for enhancing trade between the two regions, attracting investment to the Andean countries and helping local businesses develop the strength in their regional market to compete internationally.

The negotiations with Ecuador for its accession to the Agreement between the EU and Colombia/Peru were concluded in July 2014. The negotiated texts will now follow the process of legal revision, translation, signature and adoption according to each Party's domestic procedures.

Presently Bolivia benefits from the preferential access that the EU grants under the EU's Generalised Scheme of Preferences, including through the special incentive arrangement for sustainable development and good governance, known as the Generalised Scheme of Preferences Plus(GSP+).

Trading with Andean countries