• Colombia represents for the businessmen of the sector a great opportunity for the installation of Centers of Investigation and Development and Centers of Distribution and Production.
• The economy grew 5.1 % in the first quarter of 2011.
• The country has a government committed to the private sector and a strong sector with clear spaces to be used by foreign investors.

  Cosmetics and Toiletries Sector in Colombia - October 2011.pdf 1.33 Mb

Cosmetics and cleaning products one of the 12 priority sectors of government and the private sector in Colombia. Thanks to the Program of Productive Transformation [1] the Government and private sector work together to achieve that in 2032 Colombia been recognized as world leader in the production and export of cosmetics, cleaning products of the home and absorbent of high quality with base in natural ingredients. Nowadays the country offers an opportunity to the businessmen of the sector for the installation of centers of research and development, centers of logistics and production.
 

1. Centers of research and development.

  Leader in biodiversity

•  Second country of the world with the major flower diversity with more than 50.000 vegetable known species, where the 36% are endemic, which means that they can be only found in Colombia.
• Project for the creation of the Observatorio Nacional de la Biodiversidad Colombiana, who will have the development of the link of natural ingredients.

Legislation adapted for the implementation of the research and development.

• Protection of the industrial property fixed to the international standards, granting an exclusivity of 20 years to the holders of the patents.
• Politics for the Commercial Development of the Biotechnology from the sustainable use of the biodiversity, approved in June, 2011 which will allow to create the economic, institutional and legal conditions to attract resources public and private for the entrepreneurship of biotechnological base.

2. Logistic centers.

Exporting platform.

• From 2001 the commercial scale is surplus and the exports in the sector grow to a major pace (19,6 % per year) to that of the imports (14,1 % per year).
• More than 3.700 maritime frequencies and almost 1.000 air frequencies for the transport of load.
• Colombia aspires on 2011 to have negotiated 11 Agreements of Free Trade, all of them for the sector of cosmetics and cleaning products which will give an access closer to1.500 million consumers.

3. Production.

 Growth of the Colombian market of cosmetics and cleaning products.

• Fifth market in Latin America with sales to 2010 of US$ 6.235 millions.
• With a compound annual growth of 8,7 % between 2006-2014, Colombia will be kept as one of the growth drivers of the Latin-American market.
• The Colombian production of cosmetics and cleaning products get doubled in the last 6 years happening of 1.588 millions producing US$ to US$ 2.730 millions in 2010 (prices Ex--factory).
• The exports of cosmetics and cleaning products increased six times in the last ten years spending of US$ 114 millions to US$ 683 millions.

The highest labor feminine market of Latin America.

• Colombia possesses the highest labor feminine participation for managerial positions of the Region of agreement to the IMD (Institute for Management Development).
• Growth of 37 % in the number of women on the labor market between 2000 and 2009, opposite to a world growth of 16 %.

Know the principal regions that present opportunities of investment in the sector of Cosmetics and cleaning products:

• Cundinamarca Bogotá
• Antioquia - Medellín
• Valle del Cauca - Cali
• Triángulo del Café
• Región Caribe

• Procter & Gamble (The United States): Distribution Center (US 25 Million - 600 employments) and plant of production in Antioquia.
• Unilever (United Kingdom): Head office for Central America and the Andean Region.
• Belcorp (Perú): Center of I&D and plant of production in Tocancipá - Cundinamarca.
• Yanbal (Perú): Expansion plants of production (US 10 $ million). Distribution Center in Facatativá - Cundinamarca (US 10 $ million).

These are only some of the reasons to invest in the Automotive industry - Auto parts, we invite you to know in detail these and more reasons to do of Colombia the destination chosen for your projects.