Balance of ten years of FTA between Colombia and United States: A bilateral trade within the framework of dependent development

Abstract

Introduction: A decade after the entry into force of the FTA signed between Colombia and the United States, the institutional and media silence contrasts with the bustling announcements of prosperity that preceded such implementation. There are not many documents that answer how bilateral trade has evolved after ten years of FTA? To fill this gap, this paper offers an assessment of these trade dynamics. Methodology: The work presented in this text involves a bibliographic review, which proceeds in accordance with the correlational nature that becomes a description during its development and allows us to account for the fulfillment of the research purposes: evaluate the commercial dynamics of that FTA. Results: In this regard and after pointing out from a theoretical perspective of dependence the imposed nature and the asymmetric condition of the Treaty, is visualized the negative behavior registered by the Colombian trade balance that verifies this condition. Discussion: during the last decade USA has increased its production capacity; meanwhile Colombia continues the production and export of what it has done historically: energy mining goods and raw materials. Conclusions: The FTA perpetuates unequal exchange typical of economic relations of dependency.