Colombia's Trade Policy Favors Producers, Slows Down Trade Liberalization.
The article examines how trade policies are determined in Colombia by looking at the government's balancing act between supporting producers and consumers. The government tends to prioritize producers' welfare over average citizens when setting tariffs. By analyzing industry-specific factors, such as employment levels and labor costs, the study shows that certain sectors receive more political weight in trade protection decisions. The research suggests that preferential trade agreements can slow down trade liberalization efforts in the country.