Missouri's economic development director has signed a $750 million export agreement with the country of Colombia.

Gov. Jay Nixon on Tuesday announced the agreement, which was signed by Economic Development Director Mike Downing and two business and industry leaders from Colombia.

Under the deal, Missouri and Colombia agree to trade a combined $750 million worth of goods in the next five years.

Nixon, Downing and other Missouri officials on the South America trip will visit Peru on Wednesday and return home Friday.

The nonprofit economic development Hawthorn Foundation is paying travel expenses for Nixon and his wife, Georganne Nixon. It's the governor's first trade mission of the year.