Study raises a state policy that defines the strategy and greater political relations.

At a time when the Asia Pacific is one of the engines of the global economy, Colombia took his afternoon on attracting trade and investment in the region. This emerges from a study of the Colombian Council of International Relations (Cori), according to which the country is overtaken by Brazil, Mexico, Chile and Peru on trade issues, and Ecuador joins that list if it is investment.

“The country has lost valuable time in the adoption of a strategy-that is just beginning to dawn, and the selection of mechanisms for effective outreach and investment markets of Asia Pacific,” says the report, adding that lacked a government strategy to coordinate the actions needed on this front. Notes that, between 2000 and 2011, the country’s trade with 14 economies in East Asia (accounting for 28.3 percent of world GDP), multiplied, but keeps the focus on basic goods for export, while purchases that focus particularly on capital goods.

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So, from this part of the world are supplied raw materials and intermediate goods for industrial production in Asia. “This really, in the short term, should not be taken as undesirable for Colombia. By contrast, there is an opportunity within the FTA to take advantage of these complementary conditions, “says the report. Although raw materials are key to enter that market, there remains a need to diversify supply, “in order to generate greater chance of extra-regional production chains, which result in higher occupancy levels and reduced dependence non-renewable resources. “

Moreover, the issue is not without risks. This model of access to mining-sector products “could represent a challenge of magnitude for other branches of economic activity, to the extent that the sector contributes to greater appreciation and affects the competitiveness of an important group of products that have tradable high development potential in foreign markets. ” The study notes that while mutual investment is still very low, has increased interest in investing in fuel, mining and infrastructure.

However, it is likely that in the medium term there is interest in agricultural activities, with the objective of ensuring food sustainability. This situation, together with the changes in consumption patterns in the region, could become an opportunity for the supply of food to China. “This country could be the cause of an agricultural revolution in the region,” the report says. Similarly, other strategies insists relations. Cori president, Guillermo Fernandez of Soto, said that “it is strategic to strengthen intra-regional cooperation mechanisms such as the Pacific Alliance, as a preliminary step to climb into other venues such as APEC.”