Business Climate in Colombia
Colombia: One of the Best Business Environments in Latin America
In the past decade, Colombia has single-mindedly focused on improving the business climate. As a result, inward foreign direct investment (FDI) has been soaring. In these uncertain times, Colombia is seen by investors as a dependable, stable place to operate.
A Business-Friendly and Stable Economy
According to the World Bank’s 2011 Doing Business survey, Colombia has the third best business environment in Latin America, after Mexico and Peru. For three straight years, the country was Doing Business’ top reformer in Latin America and one of the top 10 reformers in the world.
Colombia has a track record of prudent macroeconomic management. According to the World Competitiveness Report, Colombia has one of the most solid backgrounds in terms of effectiveness in implementing government decisions.
Booming Investment
Thanks to this stable, investor-friendly environment, FDI has soared in the past few years, reaching US$6.7 billion in 2010.
In fact, Colombia is one of the largest recipient of FDI in Latin America.
Growing Foreign Trade
Thanks to trade liberalization measures, Colombia’s foreign trade has tripled in the past seven years, reaching US$78 billion in 2010.
Updated (mm/dd/yyyy): 08.01.2011
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