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Colombia’s exports to EU increased 10%

Colombia’s exports to the European Union increased 10% after the first year of a provisional free trade agreement (EU-FTA), contrasting it with the decline in exports to the United States after implementation of the 2011 free trade agreement (US-FTA), according to the European Union.

Between August 2013 and July 2014, Colombian exports amounted to more than $10 billion, a 10.19% increase compared with the previous year. Colombia government statistics show similar growth, estimating a 7.6% increase in exports from January-September of 2014 compared with the same period in the previous year.

Total trade between Colombia and the 28-member EU grew by 5.53% to a total of $17.4 billion since the implementation of the deal and has been in line with growth that particularly saw a boom in 2011.

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