Colombia and East Asia Trade relations and future prospects: an analysis using a CGE model
La serie Borradores de Economía es una publicación de la Subgerencia de Estudios Económicos del Banco de la República. Los trabajos son de carácter provisional, las opiniones y posibles errores son responsabilidad exclusiva del autor y sus contenidos no comprometen al Banco de la República ni a su Junta Directiva.
This paper provides an empirical analysis of Colombian integration with East Asia using a Computable General Equilibrium (CGE) model, in which we assess the effects of several trade liberalization scenarios on trade flows and welfare.The results show that there is an important potential for the development of Colombian exports of other crops, chemical products, apparel and textiles to East Asian nations.This result is not derived from subscribing a Free trade Agreement, but from unilaterally liberalizing tariffs in bioth regions.
