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Author(s) / Editor(s): 
  • Juan José Echavarría,
  • Iader Giraldo,
  • Fernando Jaramillo

Estimating ad-valorem equivalent of non-tariff barriers and the total protection in Colombia

The series Borradores de Economía (Working Papers on Economics) contributes to the dissemination and promotion of the work by researchers from the institution. On multiple occasions, these works have been the result of collaborative work with individuals from other national or international institutions. This series is indexed at Research Papers in Economics (RePEc). 

Publicado el: 
Monday, 15 July 2019

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors

 

ABSTRACT

This document uses recent methodological developments to estimate the ad-valorem equivalent of non-tariff barriers in Colombia at 10-digit Nandina disaggregation level. At this same level of disaggregation, total protection, the trade restrictiveness index (TRI) and the overall trade restrictiveness index (OTRI) are estimated. The results show a high degree of substitutability between tariff and non-tariff barriers in Colombia, the latter being a regulation instrument widely used in different economic sectors. There is also evidence of a high and growing level of protectionism in Colombia, being the agriculture the highest trade restrictive sector. Contrary to expectations, there does not seem to be an economic opening to international markets.