Andean Report No. 2 (2002-2004)
Inter-American Development Bank (IDB)
The Andean countries have made significant progress in their external agenda, above all because of the achievements with their main economic and political counterparts. Andean negotiations contributed to having the United States adopt the Andean Trade Promotion and Drug Eradication Act, renewing and enhancing other tariff preferences granted to the Andean Community of Nations (CAN), save for Venezuela. Furthermore, Bolivia, Colombia, Ecuador and Peru initiated negotiations with the U.S.A. for a free trade agreement (FTA). Such negotiations started with Colombia, Ecuador and Peru, with Bolivia attending as an observer authorized to fully join in when it is ready to do so.