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Investment Opportunities in Colombia from

CANADA

Investment Opportunities in Colombia from

CANADA

Araújo Ibarra – International Trade Consultants

TRADE RELATIONSHIP COLOMBIA – CANADA

The renegotiation of trade terms with effects on Asia, North America and Europe, as well as the Covid-19 pandemic, have proven to augur a reordering of the international economy.

This scenario presents a series of significant challenges, but like all change, it also offers opportunities, and Colombia is emerging as the most important player in the continuity of free trade in the Americas.

On the one hand, the country will suffer the least contraction in GDP of the large Latin American economies and its macroeconomic management has proven to be exemplary. Colombia has been a significant importer in recent years and its commercial relationship with traditional and emerging partners will surely return to a growth path.

On the other hand, its privileged geographical location, the network of free trade agreements, and the best investment incentive regime between medium and large countries in Latin America make Colombia the best platform for the production, transformation, and distribution of goods and services in the expanded market of the Americas.

  • Canada has 2% of the Colombian foreign market (811 million USD) and grew 1.2% annual average in the last three years.
  • Between 2017 and 2019, Canada invested USD 1,345 million in Colombia, ranking 7 out of 78 countries that made investments in the country.
  • Canada and Colombia have a Free Trade Agreement.
  • An International Investment Agreement (IIA) is also been developed.

 

Below, you will find the sectors with the greatest commercial opportunities between the Canadian and Colombian markets:

Economic Sectors

Electrical Machinery and Equipment

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Rubber and Plastic

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Agriculture Industry

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Interest in doing business in Colombia?