Three benefits of the FTA between USA and Colombia

THREE BENEFITS OF THE FTA BETWEEN UNITED STATES AND COLOMBIA

By Libardo Botero C.

1) FTA ECONOMIC BENEFITS

Trade Relations between USA and Colombia. After a very deep crisis at the end of the XX century and at the begging of this one, and despite the violence, Colombia has been improving its economic growth: the GDP of 2006 increased 6.8%, in 2005 5.23%, compared to the decrease of 4% of the GDP at the end of the XX century. Even though Colombia has social inequity problems, there have been some measures to reduce them: poverty, measured by level of income, was reduced from 56% of the population in 2002 to 45% in 2006. During the same period, extreme poverty decreased from 22% to 12%.

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