Business in Colombia, Bogota, Medellin

1. Introduction to Colombia
2. Colombian Economy
3. Case Study:
   1. Business Process Outsourcing Sector
   2. Information Technology Services
   3. Agribusiness
   4. Manufacturing
   5. Cosmetics
   6. Textile
   7. Automotive
4. Colombian Foreign Trade
5. Transport and Logistics
6. Investment in Colombia
7. Doing Business in...
   1. Bogota
   2. Barranquilla
   3. Medellin
8. Case Study: Business Opportunities in Bogota
   1. Contact centers
   2. Business Process Outsourcing/Shared Services
   3. Information Technology Sector
   4. Medical Devices
   5. Pharmaceutical
   6. Cosmetics
   7. Audiovisual Production
9. Case Study:
   1. South American Investment Group
   2. Luis Carlos Sarmiento Angulo
10. Access to the Colombian Market
11. Business Plan for Colombia

The objectives of the subject “Foreign Trade, Logistics and Business in Colombia” are:

1. To analyze the Colombian Economy, Logistics and Global Trade
2. To conduct research on business opportunities in Colombia
3. To explore the Colombian trade relations with the student's country
4. To learn about Colombian Trade Agreements
5. To examine the profile of Colombian businesspeople and companies
6. To develop a business plan for the Colombian Market

The Subject “Foreign Trade, Logistics and Business in Colombia” is included within the curriculum of the following academic programs at EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages: or Colombia Colombie Colombia.

1. Subject Credits “Doing Business in Colombia”: 2

Colombian Trade Agreements.

1. Colombia and the Hispanic American Economic Area
2. Andean Community
3. Association of Caribbean States (ACS)
4. ALADI
5. Pacific Alliance
6. Union of South American Nations (UNASUR)
7. Latin American and Caribbean Economic System (SELA)
8. Trade Agreements with the CARICOM, Costa Rica, and the EFTA
9. Colombia-Northern Triangle Free Agreement
10. Colombia-Canada Agreement
11. U.S.-Colombia Agreement
12. UK-Colombia Free Trade and Economic Integration Agreement
13. Mexico-Colombia Agreement
14. Colombia-Chile Agreement
15. Trade Agreements (as a member of the Andean Community) with MERCOSUR, Chile, Mexico, Panama, and the European Union
16. MERCOSUR (Associate)
17. Trade Relations: India, China, and Russia
18. Mesoamerica Project
19. CARICOM (Observer State)
20. SICA (observer country)
21. Trans-Pacific Partnership (CPTPP) - Candidate Country

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention (Containers)
3. International Road Transport Union (IRU)

American Trade and Economic Organizations. Colombia is a member of:

1. Organization of American States (OAS)
2. Economic Commission for Latin America (ECLAC)
3. Inter-American Development Bank
4. East Asia-Latin America Cooperation
5. Summit South American-Arab Countries
6. Africa-South America Summit
7. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund
5. Pacific Economic Cooperation Council
6. Organization for Economic Cooperation and Development (OECD)

1. Colombia is the oldest and the most stable democracy in the region
2. Colombian official language is Spanish
3. With nearly 48 million people, Colombia ranks third in population in Hispanic America (after Brazil and Mexico)
4. Area of Colombia: 1,141,748 km²
5. Colombia ranks first in the member countries of the Andean Community regarding the transparency of the Government Policies (World Competitiveness Yearbook)
6. Some of the most important publications in the World like the New York Times or The Guardian have given special consideration to the new image that Colombia is projecting to the world
7. Colombian borders: Brazil, Ecuador, Peru, Panama, and Venezuela
8. Capital of Colombia: Bogotá
9. Colombia gained the independence from Spain in 1810
10. Abolition of Slavery in Colombia: 1851

The main religion in Colombia is Christianity (42 million):

1. Catholicism (38 million)
2. Protestantism (1 million Colombians)

The Republic of Colombia belongs to the Hispanic American Economic Area (Western Civilization).

Colombian Economy.

1. The Republic of Colombia is one of the most steady economies in Hispanic America
2. Macroeconomics indices also reveal the stability of Colombia
3. Colombian economy is the fourth in Hispanic America (IMF) or the fifth according to WB
4. Colombia has had sustained economic growth above the average of the Andean Community member countries
5. Colombia offers to investors the option of signing legal stability contracts
6. According to WB, Colombia is the Hispanic American Economy that has implemented more reforms to facilitate business
7. Colombia has in place several Free Trade Agreements (FTAs) and tariff preferences
8. More than 700 multinational enterprises have investments in Colombia: Procter Gamble, Johnson Johnson, 3M, SAB Miller, Telefonica, Nestle
9. Currency of Colombia: Peso

Bogota is the cultural and political centre of Colombia, and its leading city in education, International Trade and Foreign Direct Investment. Over the last few years, 700 multinational enterprises have had excellent results Bogota has access to USD 29 million markets.

Luis Carlos Sarmiento Angulo, the richest men in Colombia:

Barranquilla is the industrial and harbour centre.

1. Barranquilla is the fourth-largest city in the Colombia
2. Barranquilla has a strategic location, only two and one-half hours from the United States and one hour from Panama, with a population of 1 Million people and a diversified economy, with strengths in the metal industry, Logistics and energy industry among others
3. Barranquilla has near twenty-five maritime, fluvial and air ports with facilities for transportation of all types of cargo through several highways (Road Transport) connecting the rest of Colombia and the world

Medellín (the second largest city in Colombia) is the responsible for 8% of the Colombian GDP and 25% of the non-traditional exports in Colombia. Medellin has third best quality of life in Hispanic America.

1. The Medellín Metropolitan Area produces 67% of the Department of Antioquian GDP and 11% of the economy of Colombia
2. One of the largest group in Colombia is the Antioquian enterprises Group

Group Suramericana Inversions is a holding company, listed on the Colombian Stock Exchange and registered with the ADR-Level I programme in the United States, which holds a significant portfolio of investments in leading Colombian enterprises as well as other important stakes in other American Countries. This portfolio is mainly concentrated in strategic investments in financial, insurance and social security sectors and is complemented by other investments in services, food, and cement sectors.

Colombian Foreign Trade.

1. Main Colombian export markets: Venezuela, Ecuador, and the United States (the largest trading partner, 35% of total exports, FTA in force)
2. Colombia imported mainly from the United States, Brazil, Mexico, China, Venezuela, and Japan
3. Main Colombian export products: coffee, flowers, and tropical fruits

Proexport took the mission of giving assistance to potential foreign investors in Colombia, by promoting International Trade and Foreign Direct Investment opportunities and identifying obstacles in investment mood always aiming to improvement; tasks that until that moment had been performed by “Convertir.”

FDI in Colombia.

1. Invest in Bogota is the investment promotion agency for Bogota, Colombia, founded by the City Government and the Bogota Chamber of Commerce. Their mission is to supply assistance for investors who wish to locate in the Greater Bogota
2. FDI has grown considerably. 700 multinational enterprises have investments in Colombia
3. Colombia provides to the investors with the chance of entering into 3- to 20-year legal stability agreements which guarantee that rules related to investment determinants will remain unchanged and will continue to apply for the duration of the agreement