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FOREIGN TRADE
The country has experienced a smaller trade deficit over the years. Major exportable items in the country include coffee, coal, petroleum, bananas and flowers. The major exports partners of the country are US, Veneuzula and Ecuador.
Important importable commodities in the country are cosumer goods, paper products, fuels and industrial equipments. Country's imports partners are Mexico, Brazil, China and US.
The following diagram shows the levels of Exports and Imports of the country:
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The over all trade scenario of the state is as follows:
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2000 |
2003 |
2004 |
| Merchandise trade (% of GDP) |
29.3 |
33.2 |
33.7 |
| Net barter terms of trade (2000 = 100) |
100.0 |
91.9 |
92.8 |
| Foreign direct investment, net inflows (BoP, current US$) |
2.4 billion |
1.8 billion |
3.1 billion |
| Long-term debt (DOD, current US$) |
31.1 billion |
33.4 billion |
32.4 billion |
CONCLUSION
Colombia is a member of the international trade organizations like CAN and SCAN.
The World Bank has also stepped forward with its assistance policies for reducing poverty and achieving higher economic growth in the country.
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