https://revistas.uchile.cl/index.php/LAJTP <p>The Latin American Journal of Trade Policy is an official publication of the Institute of International Studies of the University of Chile. Following an open access policy, the full version of the journal, and individual papers, will be available on-line free of charge.</p> <p>The Latin American Journal of Trade Policy (LAJTP) focusses on trade policy issues in Latin America from a multidisciplinary perspective. A particular aim of the journal is reduce the gap between academia and policymakers. As such, the journal encourages paper submissions on topics related to trade policy formulation, implementation and evaluation; international trade agreements and their impact, including WTO issues and preferential trade agreements; Latin American regional integration processes; and, bilateral trade and investment relations both between Latin American countries and with overseas economies.</p> <p>The journal is interested in publishing papers that draw policy relevant conclusions from academic research, that confront theoretical models with the Latin American experience and that use the specific regional experiences to develop new models. Particular consideration is given to empirical articles using quantitative, qualitative, or a mixed methods approach.</p> <p>We encourage the submission of articles that:</p> <ul> <li class="show">contribute to existing knowledge of trade policy making in Latin America;</li> <li class="show">develop and advance pertinent theories to the region;</li> <li class="show">deal with the gap between academia and policy making;</li> <li class="show">utilize quantitative, qualitative, and mixed method approaches.</li> </ul> <p>All correspondence regarding academic or formal aspects, or any other request related to the Journal, should be addressed to:</p> <p><strong>Editorial Team:</strong> <a href="mailto:revista.iei@u.uchile.cl">lajtp.iei@uchile.cl</a></p> <p><strong>Twitter:</strong> <a href="https://lajtp.uchile.cl/index.php/LAJTP/management/settings/twitter.com/latin_iei">@latin_iei</a></p> Institute of International Studies, University of Chile en-US Latin American Journal of Trade Policy 0719-9368 https://revistas.uchile.cl/index.php/LAJTP/article/view/73027 This article investigates the impact of environmental clauses in regional trade agreements on the international trade of CAN and MERCOSUR countries between 2001 and 2019. We use a gravity model estimated with the PPML estimator to analyze the relationship between environmental provisions in trade agreements and total exports. We find that the simple inclusion of environmental provisions does not have a significant effect on trade. However, the presence of a Preferential Trade Agreement (PTA) in the midst of compliance is associated with a negative and significant effect on total exports. This result is accentuated if the trade occurs in a South-North structure. This finding complements previous research and provides a more complete understanding of the impact of environmental clauses on international trade in the countries of the region. Paula Noelia Paredes Quintana Alan Fairlie Reinoso Inmaculada Martínez-Zarzoso Tania Paredes Zegarra Copyright (c) 2023 Paula Noelia Paredes Quintana, Alan Fairlie Reinoso, Inmaculada Martínez-Zarzoso, Tani Paredes Zegarra http://creativecommons.org/licenses/by-nc/4.0 2023-12-29 2023-12-29 6 17 10.5354/0719-9368.2023.73027 https://revistas.uchile.cl/index.php/LAJTP/article/view/72523 This research paper examines the effect of Free Trade Agreements (FTAs) on export diversification, focusing on Peruvian exports to five countries in the Asia Pacific region: China, Japan, South Korea, Thailand, and Singapore. By employing regression models with control variables, the study investigates the outcomes of FTAs on export patterns. The findings reveal that the FTA yielded two primary effects: general and lagged. The general effect of the FTA was observed in the case of Peruvian exports to China and Korea, whereby a greater variety of exported goods became available. On the other hand, the FTA signed with Japan, Thailand, and Singapore resulted in a gradual reduction in the concentration of exported items over time. These findings underscore the importance of comprehending the multifaceted impacts of FTAs on export diversification and emphasize the need for a nuanced understanding of how trade agreements influence export dynamics across diverse markets. Eduardo Vera Copyright (c) 2023 Eduardo Vera http://creativecommons.org/licenses/by-nc/4.0 2023-12-29 2023-12-29 6 17 39 74 10.5354/0719-9368.2023.72523 https://revistas.uchile.cl/index.php/LAJTP/article/view/68482 Over the past two decades, Caribbean states have been faced with a significant number of investment arbitration proceedings in which investors have claimed that public interest regulatory measures constitute indirect expropriations of foreign investment. As a result, arbitral tribunals have ordered host states to pay heavy compensation to foreign investors. To preserve its right to regulate in the public interest, Colombia has clarified the indirect expropriation clause in most of its recent international investment agreements, clarifying the extent to which a public interest regulation that affects foreign investment constitutes an indirect expropriation. This article seeks to determine to what extent the new clauses of the Colombian agreements contribute to preserving the state’s right to regulate in the public interest. Milcar Jeff Dorce Copyright (c) 2023 Milcar Jeff Dorce http://creativecommons.org/licenses/by-nc/4.0 2023-12-29 2023-12-29 6 17 10.5354/0719-9368.2023.68482