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Andean Community

Andean countries

The EU has a comprehensive Trade Agreement with Colombia and Peru which has been provisionally applied with Peru since 1 March 2013 and with Colombia since 1 August 2013.

The EU, together with Ecuador, Colombia and Peru, signed the Protocol of Accession of Ecuador to the Trade Agreement with Colombia and Peru on 11 November 2016. On 1 January 2017, Ecuador joined the Trade Agreement.

Once fully applied, this agreement will open up markets on both sides as well as increase the stability and predictability of the trade and investment environment. The second Annual Report on the Implementation of the Trade Agreement was published on 10 February 2016.

Bolivia, a member of the Andean Community, also has the possibility to seek accession to the Trade Agreement.

Exporter stories

See how the EU-Colombia and EU-Peru trade agreements benefits companies and communities across the EU

Read the exporters' stories

Better Regulation Agenda

Council Decision on conclusion and signature of the protocol allowing Ecuador to join the EU-Colombia/Peru Free Trade Agreement

Roadmaps or Inception Impact Assessments

Trade picture

Andean countries:

  • The EU is the third-largest bilateral trading partner and one of the principal investors for the Andean countries. In 2015 total trade of the EU with the Andean countries was worth around €27.7 billion.
  • The Andean countries export predominantly primary products; agricultural products ( 46.7%), fuels and mining products ( 39%) to the EU.
  • EU exports consist mostly of manufactured goods, notably machinery and transport equipment ( 44.9%), and chemical products ( 18.8%).

EU-Andean community: Trade in goods

Trade in goods 2014-2016, € billions
Year EU imports EU exports Balance
2014 16.3 12.5 -3.8
2015 15.0 13.0 -2.0
2016 13.7 11.4 -2.4

Date of retrieval: 15/02/2017

More statistics on EU-Andean community

EU and the Andean Community

Trade negotiations between the EU and with Colombia and Peru concluded in 2011. The text of the Peru and Colombia Trade Agreement  was then signed on June 2012 and started its application with Peru in March 2013 and with Colombia on August 2013

The Agreement provides for progressive and shared liberalisation through a comprehensive and balanced free trade area. This will further trade between the two regions, attract investment to the Andean countries and help local businesses develop the strength in their regional market to compete internationally.

The trade Agreement has created a Trade Committee, made of representatives from each partner, to oversee its application. The next meeting with Colombia and Peru will take place on 9 December 2016 in Brussels.

Accession of Ecuador to the Trade Agreement

The negotiations for Ecuador's accession to the Trade Agreement with Colombia and Peru were concluded in July 2014. The Protocol of Accession for Ecuador was approved by the Council and signed on 11 November 2016. The European Parliament gave its consent to the Protocol on 14 December 2016. The Trade Agreement with Ecuador is provisionally applied since 1 January 2017.

Bolivia

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.

Trading with Andean countries