Bilateral Trade Agreements: the Colombian Case (1990-2015)




free trade agreements, trade policy evaluation, hub and spoke bilateralism, regional integration, Colombia, United States of America, China


The proliferation of bilateral trade agreements has created a phenomenon known in the literature as “hub and spoke” bilateralism. In this context, Colombia’s trade policy is geared towards the signing of bilateral trade agreements. This article evaluates the policy of signing bilateral agreements implemented by Colombia between 1990 and 2015. We analyse trade flows between Colombia and several countries using Baldwin’s HM index of hub-ness (2004) and the matrix of Chen (2008). The results obtained
question the Colombian policy of signing trade agreements.


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Author Biography

Álvaro Pío Gómez Olaya, Universidad del Valle

Profesor del Departamento de Administración y Organizaciones Universidad del Valle


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Rojas Sánchez, C, & Gómez Olaya, Álvaro P. (2018). Bilateral Trade Agreements: the Colombian Case (1990-2015). Apuntes del Cenes, 37(65), 117–149.



Economic policy