Thanks to both commercial agreements Colombia joined and to its geographic position, the country has become a production, distribution and export center for markets in South America, North America and Europe.
Manufacturers have entered to form a crucial role in this process, due to the market potential that Colombia offers especially the potential in manufacturing:
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Total exports doubled between 2002 and 2007, rising from $12 billion USD to $30 billion USD.
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After the year 2010, Free Trade Agreements will allow greater access to preferential markets totaling more than 1.2 billion consumers.
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In comparison with other developed and developing countries, Colombian labor offers competitive wages.
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Colombia holds tenth place for the credibility of managers and eleventh place for the entrepreneurial spirit of managers.
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Colombia is a leader in reforms to facilitate business, according to the World Bank, rising 13 positions over the previous year.
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Siemens S.A.: invested in a high tech plant where motors, and transformers auditory prosthetic devices will be made. Investment 46 million USD and will generate 215 users.
In this section find specific information on the following sectors:
