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Free Trade Area of the Americas. An impact Assessment for Colombia

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  • Miles Kenneth LIGHT
  • Thomas Fox RUTHERFORD

Abstract

This paper describes how entrance into the Free Trade of Americas Agreement may impact the Colombia’s economy and public welfare. Our central tool for this analysis is a global Computable General Equilibrium (CGE) model of trade and production. We focus primarily upon the economic interaction between Colombia and key trading partners. These partners are: USA, European Union, and other Andean Pact countries. We find that Colombia does not stand to gain substantially from an FTAA-style agreement. Since Colombia already enjoys preferential access to key trading partners, the benefits from increased access to foreign markets is positive, but small.

Suggested Citation

  • Miles Kenneth LIGHT & Thomas Fox RUTHERFORD, 2003. "Free Trade Area of the Americas. An impact Assessment for Colombia," Archivos de Economía 2744, Departamento Nacional de Planeación.
    • Handle: RePEc:col:000118:002744
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    References listed on IDEAS

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    Cited by:

    1. E.A. Haddad & J. Bonet & G.J.D. Hewings & F.S. Perobelli, 2009. "Spatial aspects of trade liberalization in Colombia: A general equilibrium approach," Papers in Regional Science, Wiley Blackwell, vol. 88(4), pages 699-732, November.
    2. Orlando Gracia & Hernando Zuleta, 2009. "Tratado de Libre Comercio entre Colombia y Estados Unidos: ¿Qué impacto puede tener en Colombia?," Coyuntura Económica, Fedesarrollo, June.
    3. Sergio Clavijo, 2004. "CRECIMIENTO, COMERCIO INTERNACIONAL E INSTITUCIONES: Reflexiones a Raíz de las Negociaciones TLC-ALCA," Borradores de Economia 2232, Banco de la Republica.
    4. Diego F. Angel‐Urdinola & Quentin Wodon, 2004. "The Impact on Inequality of Raising the Minimum Wage: Gap‐narrowing and Reranking Effects," LABOUR, CEIS, vol. 18(2), pages 317-327, June.
    5. Jaime Bonet & Eduardo A. Haddad & Geoffrey J.D. Hewings & Fernando S. Perobelli, 2008. "Efectos regionales de una mayor liberación comercial en Colombia: Una estimación con el Modelo CEER," Documentos de Trabajo Sobre Economía Regional y Urbana 5004, Banco de la República, Economía Regional.
    6. Gustavo HERNÁNDEZ, 2013. "Una resena de los efectos del Tratado de Libre Comercio entre Colombia y Estados Unidos," Archivos de Economía 11204, Departamento Nacional de Planeación.
    7. Paolo Giordano & Norberto Iannelli & Christian Volpe Martincus & Luiz Arruda Villela, 2006. "Colombia: Nota sectorial sobre Comercio e Integración," IDB Publications (Working Papers) 9250, Inter-American Development Bank.
    8. Sergio Clavijo, 2004. "CRECIMIENTO, COMERCIO INTERNACIONAL E INSTITUCIONES: Reflexiones a Raíz de las Negociaciones TLC-ALCA," Borradores de Economia 307, Banco de la Republica de Colombia.
    9. Enrique PINZON GARCIA & Oscar M. VALENCIA ARANA, 2006. "The Determinants of Colombian Firm´s Debt-Asset Ratio (1997-2003)," Archivos de Economía 3582, Departamento Nacional de Planeación.
    10. Maria Otilia Orozco, 2005. "Colombia's Higher Education Quality Control System and Potential for Further Development," Archivos de Economía 2139, Departamento Nacional de Planeación.
    11. Sánchez Fabio y Hernández Gustavo Adolfo, 2004. "Colombia: aumento de las exportaciones y sus efectos sobre el crecimiento, empleo y pobreza," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, April.
    12. Christian Volpe Martincus & Sandra Milena Gómez, 2009. "Trade Policy and Export Diversification: What Should Colombia Expect from the FTA with the United States," IDB Publications (Working Papers) 9292, Inter-American Development Bank.
    13. José Daniel REYES PENA, 2003. "The cost of disinflation in Colombia: -A sacrifice Ratio Approach-," Archivos de Economía 3579, Departamento Nacional de Planeación.
    14. Diego F. ANGEL URDINOLA & Quentin WODON, 2003. "Relative labor supply and the gender wage Gap: Evidence for Colombia and the United States," Archivos de Economía 3452, Departamento Nacional de Planeación.
    15. Volpe Martincus, Christian & Gómez, Sandra Milena, 2009. "Trade Policy and Export Diversification: What Should Colombia Expect from the FTA with the United States," IDB Publications (Working Papers) 2498, Inter-American Development Bank.
    16. Carlos Alberto CASTRO IRAGORRI, 2003. "Yet another lagging, coincident and leading index for the Colombian economy," Archivos de Economía 3785, Departamento Nacional de Planeación.
    17. World Bank, 2005. "Colombia : Country Economic Memorandum, The Foundations for Competitiveness," World Bank Publications - Reports 8807, The World Bank Group.
    18. World Bank, 2004. "Colombia - Recent Economic Developments in Infrastructure : Balancing Social and Productive Needs for Infrastructure, Volume 2. Main Report," World Bank Publications - Reports 14512, The World Bank Group.
    19. Diego F. ANGEL-URDINOLA, 2004. "A Minimum Wage Increase Can Have an Adverse Distributional Impact:The case of Colombia," Archivos de Economía 1922, Departamento Nacional de Planeación.
    20. Giordano, Paolo & Iannelli, Norberto & Volpe Martincus, Christian & Villela, Luiz Arruda, 2006. "Colombia: Nota sectorial sobre Comercio e Integración," IDB Publications (Working Papers) 2446, Inter-American Development Bank.

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