International trade perspectives between Colombia and the asian countries

Abstract

This paper takes as inputs for its analysis the trade flows between Colombiaand a selected group of the East Asian countries, the export-import tradefor each country, the intra-industry trade taking place in those countriesand the Colombian national competitiveness situation. From that informationit is inferred that Colombia is still following the Dependency pathwhich means that trade with the most developed Asian countries may fallin the circumscription of exporting primary sector products. Only if Colombiaseeks to enter in the intra-industry trade sectors in the Asian marketswith competitive products, will be able to diversify its export basketand break the pattern imposed by dependency. Therefore, the priorities forColombia are mainly achieving high national competitiveness and producingcompetitive products, but right now competitiveness is still weak andthis demands upgrading its competitive factors.