Colombia’s president says he will meet with President Barack Obama on Wednesday, amid reports that Obama has agreed to a multi-billion-dollar deal to help secure a future for Colombian cocaine production.
President Juan Manuel Santos said Sunday that he will ask the U.S. to help with the Colombian cocaine crisis by allowing Colombia to diversify its supply chain.
Colombia’s government said Monday that it would approve the $30 billion deal, which could be worth $40 billion to $50 billion.
The deal comes as Colombia has seen the drug trade rise sharply.
In 2015, Colombia had just 6,000 tons of cocaine, down from 10 million tons in 2014.
But a recent surge in production has made it the country’s largest export market, with Colombia’s central government estimated to have spent more than $1 billion to keep cocaine production at its current levels.
Santos has said that the deal is a way to diversification and to help Colombia reduce the countrys reliance on cocaine.