Colombia and India: Analysis of the Trade Relationship (2000-2019)
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Colombia has shown a growing interest in links with Asian countries. Proof of this is the signing, in 2009, of the Bilateral Agreement for the Promotion and Protection of Investments with India —it entered into force on July 3, 2012—; the Free Trade Agreement (FTA) signed with South Korea in 2013, and in force since July 15, 2016; the progress of negotiations to achieve a trade agreement with Japan; and the start of trade missions between companies from Indonesia and Colombia. This paper analyzes the trade relationship between India and Colombia during 20002019. To this purpose, the origin and evolution of the relationship between these two countries is identified. Then, it analyzes their trade link from the analysis of data on imports, exports, and trade balance, and by estimating the revealed comparative advantage, import intensity, relative trade balance and Balassa indices. In addition, the trade opportunities derived from the results obtained are highlighted. Finally, conclusions are presented.
Abstract
Colombia has shown a growing interest in links with Asian countries. Proof of this is the signing, in 2009, of the Bilateral Agreement for the Promotion and Protection of Investments with India —it entered into force on July 3, 2012—; the Free Trade Agreement (FTA) signed with South Korea in 2013, and in force since July 15, 2016; the progress of negotiations to achieve a trade agreement with Japan; and the start of trade missions between companies from Indonesia and Colombia. This paper analyzes the trade relationship between India and Colombia during 20002019. To this purpose, the origin and evolution of the relationship between these two countries is identified. Then, it analyzes their trade link from the analysis of data on imports, exports, and trade balance, and by estimating the revealed comparative advantage, import intensity, relative trade balance and Balassa indices. In addition, the trade opportunities derived from the results obtained are highlighted. Finally, conclusions are presented.
참고문헌 (36)
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