045 presentacion%20 colombia%20 december%202009%20(ingles)

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


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


*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 (%) (%)


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


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


17


¿What are we doing?¿What are we doing?


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


¿What are we doing?¿What are we doing?


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

•• 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

Back

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

Back

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

045 presentacion%20 colombia%20 december%202009%20(ingles)

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