December 2009December 2009
¿Where are we coming from?
AGENDA
¿What are we doing?
¿Where are we going next?
PERSPECTIVES ON COLOMBIAN ECONOMIC GROWTH
ARE ABOVE OF THOSE OF LATIN AMERICAARE ABOVE OF THOSE OF LATIN AMERICA
2.92%2.92%2.20%2.20% 2.50%2.50%
4.60%4.60% 4.70%4.70%5.70%5.70%
6.80%6.80%7.50%7.50%
2.53%2.53%
0.30%0.30% 0.70%0.70%0.20%0.20%
2%2%
4%4%
6%6%
8%8%
10%10%
COLOMBIA AND LATIN AMERICA: GDP GROWTH, 1999 – 2009(Q III)
(%)
Source: DANE (National Accounts), DNP, EIU (Market Indicators & Forecasts)
Note: Last update December 23rd, 2009
Note: *% of GDP growth compared to previous quarter
% of GDP growth in Latin America 2009 is taken from EIU forecast
4
--4.20%4.20%
0.30%0.30% 0.70%0.70%0.20%0.20%
--6%6%
--4%4%
--2%2%
0%0%
19991999 20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 2009 2009 (Q I)*(Q I)*
2009 2009 (Q II)*(Q II)*
2009 2009 (Q III)*(Q III)*
ColombiaColombia Latin AmericaLatin America
FDI IN COLOMBIA IS FIVE TIMES FDI IN COLOMBIA IS FIVE TIMES GREATER THAN FIVE YEARS AGOGREATER THAN FIVE YEARS AGO
FDIFDIUS$ US$ MillionMillion
Source: Banco de la República
2,1342,134
10,25210,25210.60010.600
5,4175,4174,8964,896
00
40004000
80008000
1200012000
20002000 20012001 20022002 20032003 20042004 20052005(pr)(pr)
20062006(pr)(pr)
20072007(pr)(pr)
20082008(pr)(pr)
I Sem I Sem 0808
I Sem I Sem 0909
EXPORTS TRIPLED
7
ExportsUS$ US$ MillionMillion
7
11,97511,975
37,62637,626
19,06219,06215,48015,480
00
1500015000
3000030000
4500045000
20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 I Half I Half 0808
I Half I Half 0909
Source: DANE (Departamento Nacional de Estadísticas)
INTERNATIONAL VISITORS IN COLOMBIA DOUBLED
8
Source: DAS
TourismTourismThousand VisitorsThousand Visitors
8
661.1661.1
1,451.01,451.0
706.2706.2842.7842.7
00
400400
800800
12001200
16001600
20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 I Half I Half 0808
I Half I Half 0909
SO FAR THIS YEAR, COLOMBIA HAS BEEN ONE OF THE BEST ECONOMIC PERFORMERS IN THE REGION
Exports FDI
-36.9%
-30.2%
-30.2%
-29.6%
-22.8%
-18.8%
Chile
Mexico
Argentina
Peru
Brazil
Colombia
-51.6%
-50.8%
-24.1%
-23.7%
-22.0%
-10.0%
Venezuela
Argentina*
Peru*
Brazil
Mexico
Chile
Colombia
9
Tourism
Source: Official sources of each country and World Tourism
Organization. Actual variations in FOB exports and inward
FDI flows between I Half 2008 and I Half 2009 and number of
foreign visitors between Jan-Agu 2008 and Jan-Agu 2009.
Note: * Data compared between I Quarter 2008 and I
Quarter 2009
-53.6%
-36.9%
Venezuela
Chile-74.0% Venezuela
-17.5%
-8.3%
-8.1%
-6.7%
0.1%
0.3%
10.3%
Venezuela
Brazil*
Argentina
Mexico
Peru
Chile
Colombia
IMPORTANT RESULTS IN SOCIAL INDICATORS
UNEMPLOYMENT RATE FELL
BY 4.2 POINTS BETWEEN 02/08
IMPORTANT RESULTS IN SOCIAL INDICATORS
Note: * Average January - October
Source: DANE11
19.419.4
13.613.6
11.211.2 11.311.312.212.2
88
1212
1616
2020
20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 2009*2009*
UnemploymentUnemployment
POVERTY FELL BY 7,7 POINTS
BETWEEN 02/08
IMPORTANT RESULTS IN SOCIAL INDICATORS
*No data for 2006 and 2007
Source: DANE-DNP
53.753.7
51.251.25151 50.350.3
4646
4545
4949
5353
5757
20022002 20032003 20042004 20052005 2006*2006* 2007*2007* 20082008
PovertyPoverty (%) (%)
IMPORTANT RESULTS IN SOCIAL INDICATORS
COLOMBIA: RANKED 2ND IN LATIN
AMERICA BY ITS PROGRESS IN
HUMAN DEVELOPMENT INDEX 02/09
Source: PNUD
0.0230.023
0.0270.027
0.0290.029
0.0290.029
0.0350.035
0.0350.035
0.0420.042
0.0000.000 0.0100.010 0.0200.020 0.0300.030 0.0400.040 0.0500.050
BrazilBrazil
ArgentinaArgentina
ChileChile
MexicoMexico
PeruPeru
ColombiaColombia
Venezuela Venezuela
Human Development Index Ranking Variation 02/0902/09
VIOLENCE LEVELS ARE DECREASING SURPRISINGLY
HOMICIDES HAVE BEEN REDUCED TO A HALF IN SIX YEARS
Source: Ministtry of Defens
15
26,54026,540 28,83728,837
20,16720,167 16,14016,140
9,5919,5919,3219,321
8,0008,000
13,00013,000
18,00018,000
23,00023,000
28,00028,000
33,00033,000
20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 I Sem I Sem 0808
I Sem I Sem 0909
Total Total Homicides Homicides
KIDNAPPINGS REDUCED FIVE TIMES IN THE LAST SIX YEARS AGO
Source: Ministtry of Defens
16
3,5723,572
2,8822,882
1,4401,440
437437 299299 110110
00
1,0001,000
2,0002,000
3,0003,000
4,0004,000
20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 I Sem I Sem 0808
I Sem I Sem 0909
KidnappingsKidnappings
HOMICIDE RATE PER 100 THOUSAND
HABITANTS REDUCED TO A HALF
62.762.7 65.865.8
33.033.021.521.5 20.720.7
001010202030304040505060607070
20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 I Sem I Sem 0808
I Sem I Sem 0909
Homicides per 100.000 habitants per year
Source: Ministtry of Defens
17
¿Where are we coming from?
¿What are we doing?¿What are we doing?
¿Where are we going next?
COLOMBIA EXPORT PLATFORM
FROM PREFERENTIAL ACCESS TO 233 MILLION
CONSUMERS IN 2002 TO ACCESS TO 1.4 BILLION
CONSUMERS IN 2010
2002
2010
20
IN 2010, COLOMBIA WILL BE NEGOTIATING 19
INTERNATIONAL INVESTMENT AGREEMENTS (IIA) INTERNATIONAL INVESTMENT AGREEMENTS (IIA)
WITH 39 COUNTRIES AND 21 DOUBLE TAXATION
AGREEMENTS (DTA) WITH 22 COUNTRIES
2002
2010
COLOMBIA: THE MOST “BUSINESS FRIENDLY”
COUNTRY IN LATIN AMERICA, ACCORDING TO
THE WORLD BANK (2010)
Doing Business Ranking Variation, 2007-2010*
(Change in positions)
--1313
--1212
--88
--88
44
99
4242
VenezuelaVenezuela
ParaguayParaguay
BrazilBrazil
MexicoMexico
PanamaPanama
PeruPeru
ColombiaColombia
World World
RankingRanking
CountryCountry
(2010)(2010)
3737 ColombiaColombia
4949 ChileChile
5151 MexicoMexico
5656 PeruPeru
7777 PanamaPanama
114114 UruguayUruguay
118118 ArgentinaArgentina
Source: Top Reformers Report, World Bank
*Positive figures show improvements in business
environment
Colombia has been named as a Top 10 reformer for the last 4 yearsColombia has been named as a Top 10 reformer for the last 4 years
--5050
--2121
--1717
--1616
--1515
--1313
--6060 --4040 --2020 00 2020 4040 6060
UruguayUruguay
ChileChile
ArgentinaArgentina
Costa RicaCosta Rica
EcuadorEcuador 118118 ArgentinaArgentina
121121 Costa RicaCosta Rica
124124 ParaguayParaguay
129129 BrazilBrazil
138138 EcuadorEcuador
177177 VenezuelaVenezuela
Argentina
Brazil
Mexico
Chile
Peru
Colombia
Strength of Investor Protection, 2010
Source: World Bank
ACCORDING TO THE WORLD BANK ON “DOING BUSINESS, 2010" COLOMBIA IS THE FIRST ACCORDING TO THE WORLD BANK ON “DOING BUSINESS, 2010" COLOMBIA IS THE FIRST
COUNTRY IN LATIN AMERICA THAT BEST PROTECTS INVESTORSCOUNTRY IN LATIN AMERICA THAT BEST PROTECTS INVESTORS
00 11 22 33 44 55 66 77 88 99
Venezuela
Ecuador
Panama
Position
0
0
0
8
16
Argentina
Panama
Colombia
Peru
Brazil
Global Competitiveness Index Ranking Variation, 2007-2009(Change in positions)
ACCORDING TO THE WORLD ECONOMIC FORUM ON “GLOBAL COMPETITIVENESS ACCORDING TO THE WORLD ECONOMIC FORUM ON “GLOBAL COMPETITIVENESS
REPORT, 2009" DURING THE WORLD CRISIS COLOMBIA HAS REMAINED STABLE REPORT, 2009" DURING THE WORLD CRISIS COLOMBIA HAS REMAINED STABLE
Source: World Economic Forum
-15
-8
-4
0
-20 -15 -10 -5 0 5 10 15 20
Venezuela
Mexico
Chile
Argentina
THE MOST COMPETITIVE FTZ’S IN LATIN
AMERICA: 15% INCOME TAX AND ALLOWS AMERICA: 15% INCOME TAX AND ALLOWS
SALES TO THE LOCAL MARKET
�15% income tax.
�No import duties.
�Benefit from international trade agreements.
�Can also sell in domestic market.
Free Trade Zones
Permanent (PFTZ)
Single-Company(SCFTZ)
66 FREE TRADE ZONES 66 FREE TRADE ZONES
Number of Approved Free Trade
Zones
11
55
0
10
20
30
40
50
Zonas Francas
Uniempresariales
Zonas Francas Permanentes
New FTZs in Figures
Total New Investment (US$
Million)5.869
Direct Jobs 43.355
Indirect Jobs 93.046
29
0
1958 - 2007 2007 - 2009
Source: Ministry of Trade, Industry and Tourism. The investment amounts
required to obtain the Free Trade Zone status are calculated in Minimum
Monthly Legal Wages (M.M.L.W). This information is presented in dollars
using a US$1 = COP 2,000 exchange rate. For 2009, the M.M.L.W is COP
496.900. The M.M.L.W, as well as the exchange rate are subject to variations..
PERMANENT FREE TRADE ZONES (PFTZ)PERMANENT FREE TRADE ZONES (PFTZ)
Several firms installed in a FTZ already established.
Requirements for industrial firms of goods and services
Total Assets(US$)
Investment Ammount
(US$ Million)Minimum direct jobs generation
0 – 124,225 0 0
1. PERMANENT FREE TRADE ZONES (PFTZ)
0 – 124,225 0 0
124,225 – 1.24 Million 0 20
1.24 – 7.45 Million 1.24 30
More than 7.45 Million 2.85 50
Back
Source: Ministry of Trade, Industry and Tourism. The investment amounts required to obtain the Free Trade Zone status are
calculated in Minimum Monthly Legal Wages (M.M.L.W). This information is presented in dollars using a US$1 = COP 2,000
exchange rate. For 2009, the M.M.L.W is COP 496.900. The M.M.L.W, as well as the exchange rate are subject to variations..
SINGLE-COMPANY FREE TRADE ZONES (SCFTZ)SINGLE-COMPANY FREE TRADE ZONES (SCFTZ)
A single firm can get all FTZ advantages byinstalling itself in any place in Colombia.
2. SINGLE-COMPANY FREE TRADE ZONES
(SCFTZ)
FTZ typeInvestment (US$
Million)AND direct jobs
Goods (1) 37.26 150
Services (2)
2.48 – 11.42 500
11.42 – 22.85 350
22.85 or more 150
(1) Each additional investment of US$ 5.9 million reduces 15 jobs of requirement. In any case, there must be generated at least 50 jobs.
(2) For health services companies, 50% of jobs may be vinculated, not direct.(3) 50 indirect jobs can replace 20 direct jobs.
22.85 or more 150
Services – Ports (3) 37.26 20
Exchange rate: US$ 1 = COP 2,000. Minimum Monthly Legal Wages (M.M.L.W.) for 2009 is COP 496,900. M.M.L.W. and Exchange Rate are subject to changes.
Back
SCFTZ SCFTZ AgribusinessAgribusiness
FTZ typeInvestment (US$
Million)Or related jobs to de production
Agribusiness 18,63 500
Subsectors which are eligible for FTZ status under agribusiness requirements
Biofuels
A single firm can get all FTZ advantages byinstalling itself in any place in Colombia.
2. SINGLE-COMPANY FREE TRADE ZONES
(SCFTZ)
Biofuels
Meat and Fish
Oil and grease products from vegetables and animals
Dairy products
Legume and fruits, prepared or preserved, tea, soup, vinegar, sauces and yeast*
Coffee
* According to the national statistics this products classification is called “products not classified previously”.
Exchange rate: US$ 1 = COP 2,000. Minimum Monthly Legal Wages (M.M.L.W.) for 2009 is COP 496,900. M.M.L.W. and Exchange Rate are subject to changes.
SCFTZ in Southern Colombia Back
NEW SCFTZ REGIME IN FIVE PROVINCES OF
SOUTHERN COLOMBIASOUTHERN COLOMBIA
Characteristics
•Huila, Caquetá, Putumayo, Nariño and
Cauca
•No distinction between types of SCFTZs
•Benefits are valid until April 30, 2010
•Time limit to execution of 100% of
investment is 2 years.
Requirements
Investment Ans Direct Jobs
US$ 1 Million 50
Back
COLOMBIA OFFERS LEGAL STABILITY CONTRACTS TO GUARANTEE INVESTMENT PROJECTS
COLOMBIA OFFERS LEGAL STABILITY CONTRACTS TO GUARANTEE INVESTMENT PROJECTS
Investments over US$1.78 million* (150.000 T.U)**
Investor pays 1% premium based on the amount of theinvestment. 0.5% in unproductive periods.
Period
Conditions
Up to 20 years maximum.Period
Signed
contracts61 legal stability contracts approved, 48 legal stabilitycontracts signed
38
*The investment requirement is calculated with an exchange rate of COP $ 2000 = 1 USD. It is responsibility of
the investor to calculate the investment requirement at the moment of submitting the application for the
Legal Stability Agreement.
** One Tax Unit equivalent COP$ 23.763 or US$ 11,8
OTHER INCENTIVES BY SECTOR: INCOME TAX
EXEMPTION FOR UP TO 20 YEARSEXEMPTION FOR UP TO 20 YEARS
• Exemption for 30 years for companies that build or restyle hotels before 2018.TourismTourism
• Exemption for 20 years starting from 2003.EcoEco--tourismtourism
• Exemption for 10 years after the start of production in crops planted between 2003 and 2013.
Late yield Late yield cropscrops
• Permanent exemption for investment in new forest plantations, sawmilling and timber plantations.ForestryForestry
• Publishing of books, magazines, booklets or collections of scientific EditorialEditorial • Publishing of books, magazines, booklets or collections of scientific or cultural characteristics are exempt until 2013.EditorialEditorial
• Exemption for 10 years for products manufactured in Colombia with high scientific and technological research content, starting from 2003.
New medicinal New medicinal products and products and
softwaresoftware
• Exemption for 15 years for sale (by the generators) of electricity based on wind resources, biomass or agricultural waste.
Renewable Renewable energyenergy
• Exemption for 15 years starting from 2003 to provide services in slabs and boats with net weight below 25 tons.
River transportRiver transport
¿Where are we coming from?
¿What are we doing?¿What are we doing?
¿Where are we going next?
TO IDENTIFY POTENTIAL WORLD CLASS SECTOR, WE ANALYZED
THE GLOBAL OPPORTUNITIES AND LOCAL STRENGTHS
Encourage and improve production of competitive products & services
ESTABLISHED SECTORES
Promote development of NEW & EMERGING
SECTORS
POTENTIAL WORLD CLASS SECTORS
43
BPO&O
•• Call center agent cost: USD 441/monthCall center agent cost: USD 441/monthCompetitive Competitive
Operational CostOperational Cost
•• 27,000 biz grads and 13,000 engineers per year.27,000 biz grads and 13,000 engineers per year.
•• Seven cities > 500,000 inhabitants.Seven cities > 500,000 inhabitants.
•• Neutral Spanish accentNeutral Spanish accent
Human ResourceHuman Resource
•• USD 1 billion market, growing 42% in the last USD 1 billion market, growing 42% in the last three years.three years.
High growing marketHigh growing market
•• Reliable & redundant internet infrastructure: 5 Reliable & redundant internet infrastructure: 5 submarine cables 212.5 submarine cables 212.5 GbpsGbps capacity.capacity.
InfrastructureInfrastructure
•• Free Trade Zone regime: 50% off Income Tax Free Trade Zone regime: 50% off Income Tax and sales to the local market.and sales to the local market.
Business EnvironmentBusiness Environment
Back
IT SERVICE &
SOFTWARESOFTWARE
• The lowest labor cost in LATAM: up to 284% for System Engineering careers.
Competitive Competitive Operational CostOperational Cost
• 13,000 engineering and technical graduates from IT-related fields per year.
Human ResourceHuman Resource
• A growing market of US$ 270 billion: almost 12,5% in 3 years.
• Datamonitor considers Colombia to be a Tier 2 High growing marketHigh growing market
• Datamonitor considers Colombia to be a Tier 2
country in L.A.
High growing marketHigh growing market
• US$ 4 billion expected investment in telecommunications for 2010.
• Computer prices under US$1,000 without VATInfrastructureInfrastructure
• National Government programs to enhance competitiveness and development in this specific industry.
Business EnvironmentBusiness Environment
Back
HEALTH TOURISMHEALTH TOURISM
•Eye laser surgery Innovation
•Pioneer Program in reproduction immunology
•1st pacemaker of the worldInnovation
•First Latin American country to do business, according to Doing Business 2010 ranking - World Bank
•4 consecutive years as one of the top 10 reformers in the world
Business Environment
•Health system is the best in Latin America and number 22 in the world.world.
•Colombia spent 7.5% of GDP on health and 13.9% of public spending
•More than 600 weekly flights to Colombia connecting North, Central and South America and Europe
Infrastructure
•3,000 general doctors undergraduate per year Human Resources
•Hospital San Vicente de Paul (Antioquia) 1 Free Trade Zone – status granted
•Clinica Portoazul (Barranquilla) -1 free trade zone approved ( pending status recognition)
•Clinica Los Nogales (Bogota) , Promotora de la Laguna (Antioquia), Sociedad Medica de Sabaneta (Antioquia) - 3 clinics (in process to be recognized as a free trade zone)
Free Trade Zone
Back
COSMETICS AND PERSONAL CARE PRODUCTSPRODUCTS
• In the last 6 years exports has tripled, arriving to US$735 million and a positive trade balance of US$ 300 million
• Trade Agreements with 44 countries reaching to cover 1.2 million consumers.
Export Platform
• More than 200.000 professionals and 30.000 technicians available to work in the sector
Human Resources
• The second largest country in number of species of plantsWorld Leader in Biodiversity
• 2008 Production: USD 2,361 M; CAGR 4.4% in the last 6 years.
• The masculine market is expected to grow 20% per year.
Fourth Market in Latin America
• The highest female participation in the workforce in Latam (44.6%)
• Colombian women cosmetics pocket share duplicates the European women (as proportion of their income).
Female Labor Participation
consumers.
51
Back
BIO-FUELSBIO-FUELS
•Single enterprise Fee Trade Zone.• Income tax exemption on late yield crops during ten
yearsTax Incentives
• 16,5M ha (6.1 M acres) suitable for biofuelproduction.
Land Availability
• World’s fifth palm oil producer. (3,6 MT.)
• Highest sugar productivity in the world. (12,78T/crop year)
Raw Materials Availability
• Highest sugar productivity in the world. (12,78T/crop year)
Availability
• E20 B20 by 2020.
• Ethanol local consumption (490M liters), supplied only in a 66% by local production
• Biodiesel local consumption (55M liters) supplied in 20%
Internal Demand
• 34M Ha (85 M acres) available for agricultural and livestock development. No need to cut down rain forest
• Green seal” production (environmental and social practices).
Environment & Food vs. Fuel
53
Back
FORESTRYFORESTRY
•17 M ha (42 M acres) suitable for timberlandLand Availability
• More than 10 forestry species with high value addedDiversity
• Photosynthesis throughout the year• Higher yield species• Shorter life cycles
Production advantage • Shorter life cycles
• Weather advantagesadvantage
• High quality forestry germplasm base with plant material production capacity of 52,000 ha (131,000 acres) per year
Tax Incentives
• High quality forestry germplasm base with plant material production capacity of 52,000 ha (131,000 acres) per year
Biotechnology and genetic
development
55
Back
AUTOMOTIVE
• Colombian exports of auto parts increased by 46% in (06-08)Dynamic Industry
• Access to a Motor Vehicle Fleet of over 37 million units (FTAs)Excellent geo-
economic position
• Annually purchase over U$600 million in auto parts to localproducers
Qualified and competitive cost
for human producers• The production of vehicles increased by 46%.(02-08)
for human resources
• Automotive industry workers salary cost : 1.73 US$ /hour (2007)Recurso Humano
• Deposits enabled for transformation or assembly assure free custom duties for auto parts and material
• Well-known auto parts companies are established in Colombia (12)
Advantages
Back
Electric
Power
• Best energy infrastructure in Latam. (IMD)• Third country in future energy supply in Latam.
(IMD)
Energy Infrastructure
• All entities in one system. (SIM)Structure of
Energy Sector
• 2nd country with best access to water in Latam
• 742,725 watersheds
• 52,075 m3 /seg per yearHydro-energy • 52,075 m /seg per year
• Annual rainfall of 3,000 mm
• Precipitation of 1,313 km3
• Average yield of 58 lt/seg/ km2
Hydro-energy potential
• More than 300 hot springsGeothermal
potential
• Daily Average of 4.5 Kwh/m2.
• Six Colombian states are above 1,200 Kwh/m2/year and 3 above 1,600 kwh/m2/year.
Solar-energy potential
59
Back
TEXTILES,
APPAREL,
FASHION AND FASHION AND
DESIGN
• Colombia has the infrastructure to produce and export.• fibers, yarns, wovens and apparels .• There are more than 800,000 direct and indirect jobs .
Infrastructure
• Over 100 years of experience• Coltejer founded in 1907 • Tejicondor and Fabricato (founded in 1920)
Experience in textile market
• Imports of raw products reached 81% of the total textile and apparel products in 2008Imports
• Textiles exports´ share is 2.8% of the total exports and 12% of non traditional exports.
Textile exports
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INFRASTRUCTURE
• Projects to the construction, operation and maintenance of main access roads of the country:
• “Autopista de las Américas” Road Concession: 800 km of existing roads
• “Autopistas de la Montana” Road Concession: Total length 1000km
Carreteras
PUBLIC INFRASTRUCTURE PROJECTS ACCOUNT FOR US$ 21
BILLION
• New ports development: Aguadulce (USD 103 M) and Contecar (USD 297 Million)
• Integration and Concession of Northeast Airports (USD 107 Million)
Puertos y Aeropuertos
• "Central Railway System“ Railway Concession: 1.045 km, estimated investment of USD 895 million
Ferrocarriles
63
Back
GRAPHIC
COMMUNICATION
INDUSTRY
• Global production process consisting of pulpproduction (U.S. $ 29,300 million), production ofpaper and board (U.S. $ 87,000 million), design,printing and other graphic services (U.S. $ 582,000million) and Marketing (NA)
Sector
• Composed by Packaging and Labels (U.S. $ 238million), advertising and commercial ($ 419 million),Editorial (U.S. $ 230 million), and newspapers andperiodicals (ND).
• Average annual income of $ 40 million in large Industry in Colombia
• Average annual income of $ 40 million in large players segment.
• Annual growth above 11%, quite remarkable when compared with global industry growth (2.7%)
• Exports grew 10% from 2006 to 2008.
• Leading exporter of books in Latin America.
• Second largest exporter in Latin America after Mexico
• Only country in Latin America with a significant positive trade balance
International Trade
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CONCLUDING REMARKSCONCLUDING REMARKS
In the last few years, Colombia has experienced a marked improvement in its macroeconomic performance,
internal security and stability for businesses. As a result internal security and stability for businesses. As a result social indicators have improved dramatically.
CONCLUDING REMARKSCONCLUDING REMARKS
Colombia has achieved a solid structural growth, based on an increase in the investment rate and higher productivity increase in the investment rate and higher productivity
levels
CONCLUDING REMARKS
The country has guaranteed its external funding for 2009 trough multilateral institutions such as IADB, WB and CAF.trough multilateral institutions such as IADB, WB and CAF.
CONCLUDING REMARKS
Colombia is aggressively negotiating trade and investment
agreements expanding its markets and becoming more agreements expanding its markets and becoming more
attractive to investors.
CONCLUDING REMARKS
The Colombian Government is committed to generating the
most favorable conditions for domestic and foreign most favorable conditions for domestic and foreign
investment instruments such as the free-trade zones
regime and legal stability contracts.
www.inviertaencolombia.com.co · www.colombiaespasion.com · www.mincomercio.gov.co
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