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6 Years After the Free Trade Agreement Between Colombia and the European Union: Success Story?
In August 2013, the Free Trade Agreement between Colombia and the European Union was established. The main objectives of the Free Trade Agreement were to cut back on trade barriers, further the development of the Andean region and its economic growth.
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Colombian Economy Growing Steadily
The secretary general of the Organization for Economic Cooperation and Development (OCDE), Ángel Gurría, reported last week that the Colombian economy will reach a growth rate of 3.4% this year and is expected to reach 3.5% in 2020.
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Protests in Ecuador and Chile: Is Latin America Still Open for Business?
Just weeks ago, protests erupted in Quito, Ecuador that left 7 dead, several hundred wounded, and over 1,000 arrested. In several major cities in Chile, protests that began over two weeks ago have cost the local economy more than $300 million while the death count has risen to 15 and upwards of 6,000 protesters have been detained.
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