Trade Policy and Export Diversification: What Should Colombia Expect from the FTA with the United States?

Martincus, Christian Volpe; Gómez, Santiago Muñiz

doi:10.1080/08853901003652344

Cited by 12 publications

(6 citation statements)

References 48 publications

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“…The sectoral concentration of exports has been a continuous concern for governments in developing countries, according to [ 34 ]. Therefore, they promoted the creation of trade agreements to diversify markets, trade partners and increase exports.…”

Section: Literature Review and Contextmentioning

confidence: 99%

Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement

2021

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Generally, research and studies about commodities focus on price trends, analysis in terms of international competitiveness, market position structure, rate of net exports, market share, and concentration index. This paper has developed an analysis of the most influential agricultural commodities traded from Colombia to European Union, which are bananas, coffee, and palm oil. Analyzing the economic and commercial effects in two traditional agricultural commodities from Colombia (bananas and coffee) with the rise of palm oil as a commodity in the trade relation with its partner; the European Union. The structure draws from the overview of general aspects and the behavior of Colombian foreign trade, as diversification of export products and trade partners, to focus on the characteristics of the trade relationship between the European Union and Colombia. The aim is analyze the proportional relation between bananas, coffee, and palm oil exported to the EU, according to three indicators, the volume of production, exports share, and trade value, from 2008 until 2019, identifying the trends before and after the implementation of the free trade agreement. Finally, with the coefficient correlation, determine the agricultural commodity that has the strongest and positive relationship with the total agricultural exports value from Colombia to the European Union.

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Section: Literature Review and Contextmentioning

confidence: 99%

Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement

2021

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“…The results of the estimation showed that GSP preference to Colombia has a positive impact on exports. Martincus and Gomez (2009) assessed the impact of trade agreements on export diversification. For this purpose, they chose Colombian and US trade agreements and assessed whether Colombia could diversify its exports.…”

Section: Literature Reviewmentioning

confidence: 99%

Do the Preferential Trade Agreements are Economic or Foreign Policy instruments? Evidance from Pakistan

Siddiqui¹,

Ali²,

Qadri³

2019

JESD

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Export diversification is one of the important pillars of the trade policy of developing countries. Pakistan has embarked on a geographical export diversification policy by signing preferential and free trade agreements. The gravity model is used to check whether Pakistan's policy of preferential trade has a positive impact on its export growth. The estimation results indicate an insignificant relationship between preferential trade and export growth, and therefore implies that the agreement may have international political significance but not the economic.

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“…Institutions of trade -both multilateral and regional -are most often linked to vulnerability through their function as a mechanism to facilitate trade flows (Martincus and Gomez, 2009;Dennis and Shepherd, 2011). However, as both Mansfield and Reinhardt (2008, on trade policy) and Cadot et al (2009, on agricultural trade policy) point out, they also reduce the volatility of both policy and trade flows.…”

Section: Economic Vulnerability and Tradementioning

confidence: 99%

“…Liberalisation of tariffs and harmonisation of standards have been shown to increase export variety ( e.g. for NAFTA, see Kehoe and Ruhl, 2002; Feenstra and Kee, 2007: Martincus and Gomez, 2009). Extrapolating from evidence on Bilateral Investment Treaties (Neumayer and Spess, 2005), we might also expect that the permanence of market access will decrease risk and may encourage investment in new export sectors.…”

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confidence: 99%

Can Free Trade Agreements Reduce Economic Vulnerability?

DiCaprio

Santos‐Paulino²

2011

South African J Economics

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Free trade agreements between countries at different ends of the development spectrum have become increasingly common over the past decade. The impact that this type of arrangement has on trade flows has been widely modelled; however, the extent to which it can be expected to affect economic vulnerability is an aspect that has largely been overlooked. Yet as the economic distance between negotiating partners widens, the likelihood that changes in trade flows will affect the economic structure of the less developed partner increase. This paper explores the components of two prominent highly asymmetric negotiations – the Dominican Republic – Central America Free Trade Agreement and the European Union – Caribbean Forum Economic Partnership Agreement – to assess the channels through which the resulting organisation of trade may impact the vulnerability profile of the developing country partners. We find that these FTAs have the potential to address economic vulnerability in the developing country partners in ways that would not be possible in their absence.

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Trade Policy and Export Diversification: What Should Colombia Expect from the FTA with the United States?

Cited by 12 publications

References 48 publications

Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement

Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement

Do the Preferential Trade Agreements are Economic or Foreign Policy instruments? Evidance from Pakistan

Can Free Trade Agreements Reduce Economic Vulnerability?

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