- Tourism
- Foreign Investment
- Export Promotion
Investment in Manufacturing
Investment in Colombia: Manufacturing
Thanks to the international trade and commercial agreements Colombia has signed, and to its geographic location, the country has become a production, distribution and export center for markets in South America, North America and Europe.
Manufacturers play a crucial role in this process, due to the manufacturing market potential that Colombia offers:
- Total exports doubled between 2002 and 2007, rising from $12 billion USD to $30 billion USD.
- Since 2010, Free Trade Agreements allow for greater access to preferential markets totaling more than 1.2 billion consumers.
- In comparison with other developed and developing countries, the Colombian labor workforce can be hired at competitive wages.
- Colombia holds tenth place for management credibility and eleventh place for management entrepreneurial spirit.
- Colombia is a leader in reforms to facilitate and support business, according to the World Bank, rising 13 positions during the previous year.
- Siemens S.A.: invested in a high-tech plant where motors, transformers and prosthetic devices will be made. Investment: 46 million USD generating 215 jobs.
In this section find specific information on the following sectors:
| Economic Indicators 23/05/2013 |
|
| Inflation | |
| Goal of inflation | 2,0-4,0 % |
| Annual inflation | 2,02 |
| Rates of interest - 23/05/2013 | |
| Rate of intervention | 3,25 % |
| Rate Interbancaria | 3,23 |
| TRM - 23/05/2013 | |
| Exchange rate (TRM) | $ 1.850,55 |
| Nominal depreciation - last 12 months | 1,42 |
