"The EU-Peru and Colombia Free Trade Agreements are estimated to yield positive impacts on the GDP of both partner economies, although the gains to the EU are estimated to be very small, (2.3 billion €, which corresponds to less than 0.05 per cent of GDP). This reflects the relative size of the economies involved. The relative gains are shown to be greatest for Colombia, where GDP is expected to increase by around 0.4% (around € 500 million) as a result of the agreement. For Peru, GDP is expected to increase by between 0.2% and 0.25% (around €200 million)." (Quoted from article)