Free Trade Area of the Americas. An impact Assessment for Colombia
Miles Kenneth Light () and
Thomas Fox Rutherford ()
Archivos de Economía from Departamento Nacional de Planeación
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.
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Persistent link: https://EconPapers.repec.org/RePEc:col:000118:002744
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