Why do Business in Colombia Colombia Country of
Why do Business in Colombia? Colombia Country of Opportunities. SANTIAGO FELIPE LEHMANN CASTRILLON MINISTER COUNSELLOR
THE COLOMBIAN FACTS Population: 48, 8 millions inhabitants 55% Of the population is less than 30 years old. The third largest population of Latin America The territory has an extension of 1, 141, 000 km 2. Government: Presidential constitutional Republic. “The oldest democracy in America” Colombia is the country with the highest biodiversity per km 2 It is among the 12 most megadiverse countries of the planet. Natural Products: Coffee, flowers, sugar, fruits, coal, gold, emeralds, dairy products, cattle, farming, natural gas and oil. Key industries: Energy, hydrocarbons, chemicals, clothing and tailoring, beverages, food, metalmechanics, Tourism.
Colombia a New Reality: A Country to explore ü Colombia is the country in the Latin America and Caribbean region that has had the most significant and positive change in the past 15 years. ü Since 1930, Colombia´s economy has grown with the exception of 1998. During the last 20 years, it has had an average growth of 4%. ü Colombia defeated the drug trafficking problem and its current situation is totally different than the 80's and 90's. ü Colombia has stable democracy and well-defined Public Policies. ü Colombia has significantly improved its safety indicators in the last 15 years. ü The Government of Colombia and the rebel group FARC, declared the end of a 52 year conflict, with the signing of a Peace Agreement.
Colombia´s Economy in the World ü Colombia is the 31 st largest economy in the World ü The Fourth Largest Economy in Latin America ü Colombia´s economy, one of the largest in non-OECD countries.
Colombia A dynamic and stable economy
Colombia is an Open and Global Economy
Colombia First destination for safe investment
OECD already approved 20 out of 23 Colombian committees
The Pacific Alliance 7 th WORLD ECONOMY Population of 225 million More than Brazil`s population FTAs with 60 countries 43% of the regional FDI Total FDI of 64. 800 million € (2015) The Pacific Alliance Access to benefits of markets that represent 86% of the World GDP of 1, 912 billion € GDP Per Capita 15. 270 € The members generate 41% of the region`s GDP How do Business in the Pacific Alliance : Partnership – strategic alliances - Joint Venture
Exports, Imports and Foreign Direct Regiones Investment in Colombia 2016 Total Exports to the World 28. 670 millions € Foreign Direct Imports from the World Investment in Colombia 39. 131 millions € 12. 414 millions € TRM : 1 € - USD $ 1, 095 Sectors of the Economy MINING, OIL AND GAS AGRIBUSINESS INFRASTRUCTURE MANUFACTURE TOURISM
ü 845 million € in Rehabilitation, expansión and modernization of 47 airports (2015 – 2018) ü 1. 26 billion € between 2015 and 2018 to improve ports infrastructure ü Until 2021, 15. 7 billion € will be invested to increase road infrastructure: • 7. 000 Km of Highways • 1. 400 Km of Double Lane Highways • 141 tunnels and 1. 300 Viaducts ü The Fluvial National Plan Consist of 13 river proyects with an investment of 2497 million € ü 1. 69 billion € to improve the navigability of Magdalena river ü 47. 7 million € investment to recover more tan 990 km of railways network
Sector of Opportunity Manufacturing Key facts about Manufacturing in Colombia
ü Colombia is the 2 nd largest flowers exporter worldwide, with around 1. 165 millions € ü Colombia is the 3 th largest coffee producer worldwide and with the best quality of the world ü Colombia is the 4 th largest producer of oil pal over the world, with around 1 million tonnes. ü Colombia is the country with the highest biodiversity per km 2 in the World ü In 2018, there will be one million more hectares due to “Colombia Siembra Plan”
Sectors of opportunity - Energy: A diversified source base and a pivotal location in the Americas
Investment opportunities in non-conventional power generation Non-conventional power generation projects • • • solar wind biomass geothermal solid waste Regulatory framework NCZ account for 52% of territory • Law 1715 of 2014 – integration of NCRE to the system • Fiscal and financial incentives • Most energy in NCZ is currently produced with diésel fuel
Sector Opportunities Automotive Industry in Colombia - a Key Sector ü Colombia is one of the largest automotive markets in South America, next to Brazil and Argentina ü Auto parts sales totaled 3. 55 billion € in 2016. ü At the end of 2016 there were 13 million vehicles in Colombi ü Automotive sector contributes four percent to the country’s GDP and accounts for nearly 22, 000 jobs ü Presence of international assembly: Renault, General Motors Mazda, Toyota-Hino, Busscar and Superpolo Leading Sub-Sectors Best prospects for automotive parts and accessories are: Brakes fluid; Transmission shafts, bearings, gears; Tires for small vehicles, trucks and buses; Tire retreading equipment; Tire recycling operators; Engines and engine parts; Filters; Insulated wire, cable; Electrical parts; Tire retreading equipment; Tire recycling operators.
Colombia - A key destination for investing in tech products 22 MM €
Incentives by sector: up to 20 years of income tax exemption
Hvala Jaime Alberto Cabal Sanclemente Ambassador of Colombia jaime. cabal@cancilleria. gov. co eviena@cancilleria. gov. co Santiago Felipe Lehmann Castrillon Minister Counsellor Felipe. lehmann@cancilleria. gov. co
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