Presentation on theme: "Colombia Land of Opportunities Ministry of Foreign Affairs."— Presentation transcript:
Colombia Land of Opportunities Ministry of Foreign Affairs
Colombia With coastlines on both the Pacific and Atlantic oceans, Colombia is an important platform for the region 46,827,383
Main Cities Source: Governmet of Colombia
Colombia on the road to the OECD Source: OECD Colombia – Economic Assessment, September 2010
Source: Rating Agencies, Proexport Colombia Colombia recovered the investment grade status in 2011
Source: Top Reformers Report, World Bank Business Climate Colombia ranks 4th in the ease of doing business in Latin America. Colombia ranks 1st in protecting investors in Latin America and 6th in the world.
Source: World Economic Outlook (International Monetary Fund) Economy Colombia Vs. BRIC: GDP per capita PPP – 2012 (current international USD)
CIVETS+, an opportunity for diversification HSBC CEO Michael Geoghegan: "Each has a very bright future; "Each has large, young, growing population. Each has a diverse and dynamic economy. The CIVETS economies are emerging as attractive destinations for investors and they will report an increase in Gross Domestic Product (GDP) of 4.5% in the next 20 years. Even above the estimates growth for the G7 countries, that would be 1.8% May 24th, 2010 Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa will take over as the new BRICs (Brazil, Russia, India and China). + are Azerbaijan and Kazakhstan
Source: IMF GDP (YoY, %) Colombia has grown at an average of 4.7% during the past decade, despite the international financial crisis.
Colombia has achieved an inclusive development during the past decade Incidence of Poverty and Extreme Poverty (%) Unemployment Rate (%) Source: DANE
Five Engines of Economic Growth Infrastructure Innovation Housing Agriculture Mining and Energy Increase the railway system from 906 to 2,000 km, highways from 1,050 to 2,000 km, and the number of bridges on the primary road network from 1 to 27. Maximize the potential of Colombias human capital and align the productive and academic sectors. Build 1 million houses during this four-year term. Increase agricultural production by 33.9% between 2014 and One of the strongest growth sectors over the past decade. Source: Ministry of Foreign Affairs
Composition of the Economy by Supply and Demand Source: DANE
According to World Energy Council data, Colombia has the highest energy stability of the group of countries with a GNP per capita between USD$6.000 and USD$ Energy Colombia has a high capacity for exporting energy. Source: XM Distribution of power generation in Germany (% of GDP)
Fiscal Policy Source: Ministry of Finance, Central Bank Gross Public Debt (% of GDP) Fiscal Balance(% of GDP) *: forecasts.
Monetary Policy Source: Central Bank (%)
Source: destatis International Trade Colombias Trade Balance (USD Million FOB) Source: DANE Colombias Trade Balance with Germany (EUR Million)
Free Trade Agreements (FTAs)
Reasons to Invest in Colombia Tax benefits Colombia has some of the most competitive Free Trade Zones of Latin America, with incentives such as: Income tax of 15%. No cause or custom taxes (VAT, tariffs). The benefits of international trade agreements and the possibility of local market share. A government committed to R+D+i: Wage and training incentives and tax deduction of up to 175% of the investment for companies performing R & D projects. Revenue generated from innovative projects generate tax deductions and equipment imported for these activities is exempt from VAT.
Colombia has always had a close business relationship with Germany
Pacific Alliance Chile-Colombia-Mexico-Peru Pacific Alliance is the most important integration process in Latin America Juan Manuel Santos, Jun 6th 2012 Population - over 200 million Together, the countries of the Pacific Alliance would be the 9 th largest economy in the world 35% of Latin Americas total GDP: 1.7 billon dollars Accounts for half of all foreign trade in the region: US$438 billion in exports and US$418 billion in imports Exports are almost 60% larger than Mercosur countries US$55 billion in FDI US$71 billion in exports to Asia MILA: integration of stock-markets