Venezuela out of the Andean Community as of April 22

[ChangoLoa]

Venezuela is officially out of the Andean Community of Nations (CAN) as of April 22, five years after the country advised the CAN General Secretariat of its withdrawal from the bloc, as established under the Cartagena Agreement.

To date, the government of Venezuela together with those of other CAN members (Colombia, Ecuador, Peru and Bolivia) have tried to sign bilateral trade agreements that preserve the Andean integration and trade.

As regards trade between Venezuela and Colombia, whose trade volume is substantial in the subregion, as in 2008 it exceeded USD 7.7 billion, their governments failed to sign an Agreement on Economic and Trade Complementarity to replace the favorable tariff conditions existing under the Andean Community.


Link:
http://english.eluniversal.com/2011/04/21/venezuela-out-of-the-andean-community-as-of-april-22.shtml