Colombia's International Trade Research Paper Example | Topics and Well Written Essays - 4000 words

Colombias International Trade - Research Paper ExampleAdditionally, there argon other factors responsible for the growth of the economic conditions, which include reduction of public debt, rigid organisation budgets, change magnitude merchandise activities and increased commodity prices. Contextually, improvements relating to security of business affairs and craft policies have been accountable for attracting greater Foreign Direct Investment (FDI) within its national markets, which is further expected to yield greater benefits to the parsimoniousness in the long run through enriched international collaborations (Beittel, Colombia Background, U.S. Relations, and Congressional Interest). Contextually, trade operations atomic number 18 determined to play an effective role in developing the economy on the continuous creation over the long run rather than focusing merely on short-run benefits. In this regard, the government has adopted important measures of performing internationa l trade activities with other countries. Moreover, the government has also entered into free trade agreements with the US. Subsequently, the growth of trade operations is quite likely to facilitate in enhancing import along with export operations to a considerable extent. The country is also identified to acquire energy along with mineral resources in abundance to support its developmental needs in the near future (LTBS, Focus on Colombia). Prior to assessing Colombias economic indicators, it is essential to note that the country has been engaged in conflicts and dispute situations for a period of five decades in the recent past till the present scenario between Colombian government, the guinea pig Liberation Army (ELN) and the Revolutionary Armed Forces of Colombia (FARC) during the 1950s (Lopez 6-20).