COLOMBIA |
Exports to the EU. On 17 April the new ambassador to Colombia for the European Union (EU), Ana Paula Zacarias, said that the Andean country’s non-oil exports to the EU increased by 7.52% year-on-year in 2015 to reach €5.18bn (US$5.85bn). This positive result will be welcomed by the government led by President Juan Manuel Santos as the domestic economy continues to be negatively impacted by the fall in the international oil price, which has severely reduced Colombia’s oil export revenues. They also suggest that Colombia is starting to reap the benefits of a trade agreement it signed with the EU in 2013.
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