Some notes on the European Union-Colombia Trade Agreement: An Economic Block against a Nation

Abstract

In this article it aims to describe, understand and analyze how would trade relations between Colombia and the European Union, to identify what would be the advantages and disadvantages when undertaking such business relationships, being that Colombia is an exporter of raw materials and hence its dependence on the behavior of the exchange rate and its volatility can be a strength or difficulty of internationalization of the market.

 In this article it aims to raise the scope between Colombia FTA - European Union and how it can affect these bilateral relations in the economy of the Colombian Caribbean region as a strategic area for the internationalization of their markets. It is known that Colombia is a country that is geographically strategic position makes it the target of economic openings, and this is a crucial moment because international allies are needed to encourage and strengthen export and diversify destinations, increase foreign investment and obtain greater access to technologies, these are essential points that intended by the FTA between Colombia and the European Union.