Análisis de los efectos para Colombia del TLC con Corea del Sur

Abstract

This study analyzes the effects of the Free Trade Agreement (FTA) between Colombia and South Korea on the trade flows of both countries. Colombia faces challenges in diversifying its exports, which limits the benefits obtained from existing FTAs and keeps the export portfolio concentrated on traditional products such as coffee and coal. Despite the FTA with South Korea, trade relations remain minimal, and exports are focused on a few sectors. The research aims to evaluate the trade dynamics since the FTA's implementation, identifying sectors that have gained prominence in both countries. A documentary methodology was used, based on a review of academic literature and statistical data analysis. While Colombia's exports to South Korea have recently increased, they remain concentrated in primary products. In contrast, foreign direct investment from South Korea has not significantly grown. The study emphasizes the need for a commercial strategy that promotes diversification and sophistication in Colombian exports to fully leverage the FTA’s benefits and enhance competitiveness in Asia.