The sugar market in Colombia and its interactions with the USA market

  • Leonardo Raffo López Universidad del Valle
Keywords: Sugar market, international trade, free trade agreement, import quotas

Abstract

In this paper it is proposed a partial equilibrium model for the sugar market of Colombia to understand its trade relations with the North-American economy. The possible effects of a Free Trade Agreement and of other internal and external factors are examined modelling the functioning of the North- American sugar market. It is proved that the impact of a FTA between Colombia and the USA depend of two forces: the impact of the increase in the proportion of the quota affecting the Colombian exports, and the effect of progressive decreases in the value of the total North-American quota.

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Published
2009-01-07
How to Cite
Raffo López, L. (2009). The sugar market in Colombia and its interactions with the USA market. Revista De Economía & Administración, 6(1). Retrieved from https://revistas.uao.edu.co/ojs/index.php/REYA/article/view/219
Section
Artículos