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Vol. 37 No. 65 (2018)

Economic policy

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

https://doi.org/10.19053/01203053.v37.n65.2018.5961

Published 2018-02-06

  • Carolina Rojas Sánchez
    • ,
  • Álvaro Pío Gómez Olaya

Carolina Rojas Sánchez
Universidad del Valle

Álvaro Pío Gómez Olaya
Universidad del Valle

Abstract

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.

Keywords

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

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Author Biography

Álvaro Pío Gómez Olaya

Profesor del Departamento de Administración y Organizaciones Universidad del Valle

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