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    Actividad de Aprendizaje 11 Evidencia 3: Ensayo "Free Trade Agreement (Fta) : Advantages and Disadvantages"

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    Pua Jorge
    The document discusses the potential advantages and disadvantages of a free trade agreement between Colombia and the United States. Some key advantages mentioned include increased economic growth, exports, competitiveness, job stability, and investor confidence. Potential disadvantages include an imbalance in Colombia's internal economy if certain sectors are not protected, a mismatch in tax income if import tariffs are eliminated, and the potential inability of Colombian companies to adapt to international production standards.

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    Actividad de Aprendizaje 11 Evidencia 3: Ensayo "Free Trade Agreement (Fta) : Advantages and Disadvantages"

    Uploaded by

    Pua Jorge
    39 views4 pages
    The document discusses the potential advantages and disadvantages of a free trade agreement between Colombia and the United States. Some key advantages mentioned include increased economic growth, exports, competitiveness, job stability, and investor confidence. Potential disadvantages include an imbalance in Colombia's internal economy if certain sectors are not protected, a mismatch in tax income if import tariffs are eliminated, and the potential inability of Colombian companies to adapt to international production standards.

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    Act 11 Evidencia 3

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    Act 11 Evidencia 3

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    The document discusses the potential advantages and disadvantages of a free trade agreement between Colombia and the United States. Some key advantages mentioned include increased economic growth, exports, competitiveness, job stability, and investor confidence. Potential disadvantages include an imbalance in Colombia's internal economy if certain sectors are not protected, a mismatch in tax income if import tariffs are eliminated, and the potential inability of Colombian companies to adapt to international production standards.

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    39 views4 pages

    Actividad de Aprendizaje 11 Evidencia 3: Ensayo "Free Trade Agreement (Fta) : Advantages and Disadvantages"

    Uploaded by

    Pua Jorge
    The document discusses the potential advantages and disadvantages of a free trade agreement between Colombia and the United States. Some key advantages mentioned include increased economic growth, exports, competitiveness, job stability, and investor confidence. Potential disadvantages include an imbalance in Colombia's internal economy if certain sectors are not protected, a mismatch in tax income if import tariffs are eliminated, and the potential inability of Colombian companies to adapt to international production standards.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 4

    ACTIVIDAD DE APRENDIZAJE 11 EVIDENCIA 3: ENSAYO “FREE TRADE

    AGREEMENT (FTA): ADVANTAGES AND DISADVANTAGES”

    ALVARO ARRIETA TORRES

    APRENDIZ NEGOCIACIÓN INTERNACIONAL (1565329)


    “FREE TRADE AGREEMENT (FTA): ADVANTAGES AND DISADVANTAGES”

    In February 2006, the Free Trade Agreement between Colombia and the United States
    was sold after 21 months of meetings between the parties. Although both governments
    approved the agreement, the final approval to enter into force depends on the
    Congresses of both countries and that of the United States has not yet reached a
    decision.

    The objective of this FTA is the insertion of Colombia into the US market with bilateral
    relations that promote economic and commercial interests, and will encourage
    investment. In general, it seeks to provide investors with a more stable business
    environment and ensure that the agreements are favorable for the provision of goods
    and services and encourage their export.

    This FTA, like the other agreements signed by Colombia, is constituted by rules and
    procedures derived from them, which are applicable on equal terms for both countries.
    The FTA is not a Law, nor is it conformed by them; However, according to the Political
    Constitution of our country, international agreements have all the rigor and must be
    complied with like any other regulations in force.

    The FTA is a kind of methodological guide on how to export - import between the
    signatory countries, with general recommendations and criteria that determine the
    framework under which each country can act to obtain the greatest benefits. In this
    sense, on the one hand it is necessary that the two countries issue legislation for
    specific issues that take advantage of bilateral conditions; on the other, each country is
    free to dictate its national economic policies and take the measures it deems appropriate
    to boost international trade and especially protect and promote the export of its
    products.

    ADVANTAGES

    It is still too early to assess the advantages or difficulties arising from the signing of the
    Treaty, however it is possible to make a general balance according to the projections of
    international trade specialists:

    Increase and acceleration of economic growth derived from the greater flow of capital.
    Increase in exports, especially those of products and services that were not previously
    considered as “traditional” in the market.
    Increased competitiveness of the national industry derived from access to new
    technologies, raw materials and knowledge from the other country at lower costs.
    Stability of the labor market in the industrial sector, to the extent that companies will
    require their staff to produce the goods they will export. Likewise, there is the possibility
    of generating more employment as sales in the foreign market expand.
    Increase in investor confidence.
    Modernization of the State and organizations related to foreign trade.

    DISADVANTAGES

    As with the advantages, the panorama of difficulties and risks is not easy to foresee, but
    experts suggest paying special attention to the following points:

    Imbalance of the internal economy and lack of protection of productive sectors that have
    little benefit from the negotiation of the Treaty. Tax income mismatch, since eliminating
    the import tariffs of foreign products would cease to receive taxes for this concept, which
    could deepen the national fiscal deficit; However, analysts expect this money to be
    recovered by VAT and Income Tax derived from the greater movement of the economy.
    Little capacity of adaptation of the national companies in front of the international
    standards of production, generating monopolies and capture of the market by the North
    American supply that enters the country.

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