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          Trade Opportunities of an Fta Between Colombia and Turkey
          Working paper by Daniel Gómez-Abella; Catherine Pereira-Villa; Loly-Aylú Gaitán-Guerrero, 2013
          Categories: Regional and Bilateral Trade Agreements, Trade Policy Analysis and Trade Data Sources, VI Members Research

          The objective of this article is to explore the opportunities for growth, diversification and competition present in trade between Colombia and Turkey, as well as the ones that would result from a free trade agreement. It uses five indicators to characterize trade and trade policy. Disaggregated data from 2010 is used to conduct partial equilibrium simulations yielding estimates on trade, welfare and income effects. The paper shows that Turkish and Colombian consumers would gain in terms of welfare while Turkish tax revenues would fall more than those of Colombia.