This chapter provides an overview of Colombia’s legal framework, covering a range of topics from the employment regime and traditional corporations to merger regulation and arbitration. In addition, it features a viewpoint by Jaime E Trujillo Caicedo, Partner and Chair of Latin America Mergers and Acquisitions Practice Group, Baker McKenzie Colombia.…
Viewpoint:Jaime E Trujillo Caicedo Looking ahead, it is difficult to imagine more interesting times for Colombia from a political, economic and business perspective. The country has come a long way in establishing itself as a credible, fast-growing and resilient economy, which is now producing companies capable of competing on a regional and global level. Security is improving by the day, a…
Colombia has a modern institutional framework to foster and maintain economic stability, including separation of government groups and functions. The aims of the government are to keep unemployment and inflation down, modernise the country’s infrastructure, develop its agriculture sector, and further stimulate the tourism and real estate sectors, as well as housing and innovation. Low inflation,…
The Central Bank of Colombia is the authority on matters of monetary policy and currency exchange. Under the constitution and foreign investment regulations, foreign investment in Colombia shall receive the same treatment as an investment made by Colombian nationals. The conditions for repatriation of foreign investment and remittance of profits in effect at the time the investment is registered…
With oil accounting for roughly half of Colombia’s total exports, Latin America’s fourth-largest economy is feeling the effects of lower international oil prices. The negative impact of lower prices was nonetheless offset by positive performances by the retail, agriculture and financial services sectors, ensuring continued growth in 2015. Higher growth is expected in 2016 and beyond, driven in
Today Colombia is one of the stablest and best-performing emerging market economies, with the second-largest population in South America (after Brazil) and the 23rd-largest in the world. Its GDP has been growing at an average rate of 4.8% over the past 10 years, and in per capita terms it has doubled over the past dozen years, from $5826 in 2000 to $12,424 in 2014. Colombia’s credit rating has been…
Interview:Martín Acero How has the Pacific Alliance and more regional integration affected Colombia’s business climate? MARTIN ACERO: The Pacific Alliance combines the strengths of four of Latin America’s fastest-growing economies – Colombia, Chile, Mexico and Peru – to make them more attractive to foreign direct investment (FDI), particularly from the Asia-Pacific region. The four…
As part of the long-term measures adopted by the government to develop Colombia’s infrastructure, the country has undertaken certain material legal reforms which aim to promote public-private partnerships (PPPs), increase and diversify financing sources for infrastructure projects, and create a more attractive framework for foreign investors and lenders who take an interest in Colombia’s key assets.…
The drop in commodity prices, particularly gold, has created real challenges for the government and private players in Colombia’s mining industry. However, the good news is that it could be one of the first countries to benefit from an expected 2016 rebound in the global price for coal. Gold production also rose 7.7% to 519,472 oz in the third quarter of 2015.
In English Tras largas negociaciones, la UE acordó en mayo eximir de la visa Schengen a los colombianos que visitan Europa, dando el sello de aprobación a los esfuerzos de Colombia para mejorar la seguridad y reducir la inmigración ilegal. Después de dos años de discusiones, la decisión de la Comisión Europea (CE) autoriza a los colombianos a visitar 26 países de la UE sin visa, durante90…
