On 26 May 1969 an agreement was signed by Bolivia, Chile, Colombia, Ecuador and Peru establishing the Cartagena Agreement (also referred to as the Andean Pact or the Andean Group). Chile withdrew from the Group in 1976. Venezuela, which was actively involved, did not sign the agreement until 1973. In 1997 Peru announced its withdrawal for five years. In 2006 Venezuela left as a result of Colombia and Peru signing bilateral trade agreements with the USA.