New Measures of Intra-Industry Trade Between Colombia and the United States: 1995-2005

Abstract

This paper analyzes the existence of intra-industry trade between Colombia and the United States, using the information of the CEPII BAC database for the period between 1995 and 2005. The relevance of establishing a measure of intra-industry trade flows between Colombia and the United States relies primarily on the relative importance of representing the United States as a trading partner for Colombia. Bilateral trade between Colombia and the United States includes about 5,000 different products, however, only 451 products have simultaneous flow of exports and imports of these 119 have an index G & L under 25, for example 4.7% of intra-industry trade exist between Colombia and the USA. The export supply from Colombia to the United States consists mainly of 11 products, which have been included in the negotiations of the Free Trade Colombia United States