Trade Agreement between the European Union, Columbia and Peru

2^nd July 2012

On 26th June a trade agreement was signed between the EU, Columbia and Peru. Once the agreement has been implemented it will enable savings of 270 million euros per year in customs duties. Indeed, all customs duties on fishing and industrial products will be abolished, access to the agricultural product market will be extended, and access to public procurement will be improved. Karel de Gucht, the European Commissioner for Foreign Trade said he was delighted with this agreement that formed a "stable framework which aimed to stimulate trade and investments between the Union and this Andean region."

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