Vol.12, No.4, November 2023.                                                                                                                                                                               ISSN: 2217-8309

                                                                                                                                                                                                                        eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

Europe and Latin America: Analysis of the Effect of Trade Agreements on Exports


Mónica Larrea-Paredes, Donald Zhangallimbay, Guido Macas-Acosta, Juan-Antonio Jimber-del-Rio, Arnaldo Vergara-Romero


© 2023 Arnaldo Vergara-Romero, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 12, Issue 4, Pages 2430-2436, ISSN 2217-8309, DOI: 10.18421/TEM124-55 November 2023.


Received: 27 July 2023.

Revised:   13 October 2023.
Accepted: 25 October 2023.
Published: 27 November 2023.




One of the leading commercial drivers applied in developing countries, especially in economies with conservative policies, is free trade agreements or tariff preferences with strategic economic zones worldwide. The countries of Latin America and the Caribbean are no exception. The United States is the region's leading trading partner; however, several countries have signed trade agreements with the European area in recent years. In this paper, we ask ourselves to what extent these agreements are beneficial. In addition, we evaluate the impact on exports with other world regions. Mainly, we analyze the effect of commercial firms in the European zone on the level of exports of the other partners, especially with the United States. The results consistently suggest that signing trade agreements with the European zone generates an export displacement effect. In other words, although the gross level of exports to the European zone increases, the level of exports to other regions of the world, especially to the United States, grows faster than other countries that do not even have agreements with the Europeans. Generally, exports do not have a statistically significant effect on signing trade agreements with the European zone.


Keywords – Trade agreements, exports, Latin America-Europe, Latin America-United States.



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