Colombia. A rising Latin American economy. Dedicated to democratic prosperity and regional leadership. A nation undergoing evolution in its decade of strong economic performance.
Home to over forty six million people, Colombia has a geographical landscape spanning magnificent mountains, dense rainforest and beautiful beaches. It is the only country in South America with access to both the Pacific and Atlantic Ocean, providing a unique vantage point for trading and transportation. Its five bona fide commercial hubs span the nation, with the capital city as Bogota.
President Juan Manuel Santos’ has been focusing his foreign policy on bolstering Colombia’s commercial ties and internal investments. Two thousand twelve saw the US-Colombia Free Trade Agreement spring into action, creating investment opportunities, and with them, welcome jobs for locals. The United States is now Colombia’s largest trading partner.
Since then, Colombia has co-founded the Pacific Alliance to promote regional trade, and developed potential free trade agreements with the EU, Mexico, Canada and Japan to name a few. The nation’s FDI inflow presently sits at around fifteen point eight billion dollars and these relationships provide ever-enhanced opportunities for its economic growth.
Colombia is continuing its vibrant economic development and improving regulatory efficiency, while maintaining a healthy real GDP growth rate of more than four percent over the last three years. It is the leading reforming country in Latin America under the World Bank Doing Business report for two thousand thirteen. And for the first time in history, Colombia has been classified as a ‘mostly free’ economy.