Colombia Industry Sector Research Highlights

Overview

Economies worldwide prepare for the next industrial revolution
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The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by automation. Wealthier emerging markets, such as…

Overview

Colombia's exports rise as logistics infrastructure improves
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Colombia has a well-established industrial base with a presence in a range of products, from processed foods to vehicle manufacturing. While growth rates for some industrial lines have been robust during the past decade, the economic slowdown experienced in 2016 and 2017 stunted industrial development as a whole during those years, adding to long-standing challenges such as high transportation…

Analysis

Colombia grows FDI in the mining sector with new reforms and guidelines
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As Colombia looks to improve investor sentiment and spur an infusion of foreign direct investment (FDI) in the mining sector, the administration of President Iván Duque has outlined detailed plans to reform existing community consultation guidelines, amid legal uncertainty regarding the awarding of project contracts. In May 2019 María Fernanda Suárez, minister of mines and energy, announced…

Analysis

New projects prompt increased investment in Colombia's mining sector
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With similar geological characteristics to its Andean neighbour Peru, Colombia’s gold potential has long attracted interest from local and international miners. The country’s gold deposits are concentrated in areas with metallogenic belts in the Departments of Antioquia, Santander, Tolima, Huila, Caldas, Nariño, Cauca and Bolívar. Gold was the main export product during the colonial era…

Analysis

Colombia's supermarkets make way for discount grocers and increased e-commerce
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After a stagnant performance in 2017, the retail sector gained momentum in 2018, growing by 6.2%. Inflation was near the central bank’s target at 3.2% during the year, and this combined with the government’s December 2018 decision to increase the minimum salary by 6% for 2019 and general improvements in the country’s economic performance have translated to increased disposable income…

Interview

Kelvin Dushnisky, CEO, AngloGold Ashanti: Interview
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Interview:Kelvin Dushnisky How competitive is the local mining industry, and what reforms are necessary to boost activity? KELVIN DUSHNISKY: We believe that Colombia has an opportunity to encourage diversification in largescale mining, which until now has largely been focused on coal. While Colombia is a relatively new location for large-scale mining projects, the country is making steady progress…

Interview

José Manuel Restrepo, Minister of Commerce, Industry and Tourism: Interview
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Interview:José Manuel Restrepo How can Colombia boost international trade? JOSÉ MANUEL RESTREPO: Our strategy to boost productivity includes a push to actively participate in global value chains by capitalising on our free trade agreements and strengthening the country’s export capacity. We are reaching out to business owners across the country to support them in their export development…

Chapter

The Report: Colombia 2019: Industry & Retail
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Industry got off to a strong start in 2019, as domestic consumption and exports rebounded. The national government’s policies to expand successful programmes and do away with under-performing ones, together with a focus on improving productivity and leveraging collaboration between the country’s regions, should help to strengthen industrial capacity. However, while efforts to modernise and reduce…

Chapter

The Report: Colombia 2019: Mining
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With broad political support and efforts to improve the licensing process, the mining industry looks set to experience a rebound in 2019. While investments in coal production are unlikely to increase substantially in the coming years, segments such as gold, copper, nickel, emeralds, and other metallic and non-metallic minerals will provide attractive targets for investment. Government efforts to…

Country Report

The Report: Colombia 2019
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Colombia is home to a distinctive blend of ethnicities, cultures and geography, has the second-largest population in South America and is the continent’s fourth-largest country. After spending much of the second half of the 20th century embroiled in the world’s second-longest modern civil war, the 2016 peace accord brought a formal end to the conflict between FARC and the government. The end o

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Colombia Industry Sector Research Highlights

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