Search

This paper analysis the incidence of Free Trade Agreements (FTA) on the duration of exports in Colombia. With firm-product-destination level data, duration models were estimated in discrete time that allowed identifying that the FTAs have a negative incidence on the probability of cessation of active commercial relations before the entry into force of the agreement, however, they increase the exit hazard from those that start after the agreement. This double effect is robust for different types of products and even for exports with a certificate of origin. However, incursions by firms with at least one year of experience in the export sector carry greater prospects for their duration. It is concluded that the role of the learning and knowledge acquired is key to achieve a better use of the agreements and maximize the probability of success of the incursions in the countries with FTA. [ABSTRACT FROM AUTHOR]

Objective/Context: This paper analyses critically the integration model proposed by the Pacific Alliance (PA) from the perspective of the legal foundations of Colombia's foreign policy, in order to determine the degree of normative convergence between the Colombian constitutional order and this particular trade agreement. Methodology: This research uses legal technique and case-law analysis as research methodologies, offering a detailed panorama of the normative development of the PA and its relationship with the constitutional requirements regulating the international relations of Colombia. Conclusion: Despite being at an initial stage in relation to its normative and institutional structure, the PA has emerged as a second generation regional trade agreement (RTA), which complements its commercial trajectory with political, social and productive integration agendas, promoting the diversification of international economic relations of its members without altering or modifying their sovereign powers. The above allows to show its compatibility with the constitutional mandate pro integratione, particularly in regard to the ideal of promoting the internationalization of Colombian economic relations with countries of Latin America and other world regions. Originality: The proposed approach has theoretical and methodological originality inasmuch as there are no previous studies analyzing the legal and normative nexus between the interests of Colombia's foreign policy and the PA. Its relevance lies not only in the validity of the issue in question, but also for scenarios of reflection on the participation of the State in trade agreements or regional integration schemes. [ABSTRACT FROM AUTHOR]