In the past decade Colombia has become an important economy in the region and an attractive destination for foreign direct investment (FDI), following ongoing political and economic measures aimed at increasing foreign trade and attracting FDI. With a growing middle class and strong financial sector, Colombia is a stable destination for investors, multinationals, middle market companies and private equity funds. BACKGROUND: In 2012 a key change took place with the enactment of the tax reform.…
From The Report: Colombia 2013
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Since 1990 Colombia has attempted to modernise its legal system to promote economic growth and attract foreign investment. The array of recently signed free trade agreements as well as reforms to increase transparency and participation are redefining the legal landscape, which, having undergone significant improvements, still suffers from a weak judicial system in enforcement of contracts and significant bureaucratic delays.
This chapters features a viewpoint from Martín Carrizosa, Partner, Prietocarrizosa on the significance of the Pacific Alliance.