COLOMBIA Business Opportunities. Population: 44 million inhabitants, 78% under age 45. GDP Growth: 2007: 7.5%; 2008: 6.8% Inflation: 5.7% (2007); 7.7%

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Presentation transcript:

COLOMBIA Business Opportunities

Population: 44 million inhabitants, 78% under age 45. GDP Growth: 2007: 7.5%; 2008: 6.8% Inflation: 5.7% (2007); 7.7% (2008) Unemployment: 2007: 11.7% Main Sectors: Mining; Telecommunications; Agroindustry, Manufacturing; Construction; Oil and Gas. Major trading partners: USA; Venezuela; other Andean Countries; Mexico; Brazil; and China. Bilateral trade: Fifth largest market for the UK in LA UK is the second foreign largest investor in Colombia (investment in excess of US$ 17 b.) The Colombian Market

Fifth largest economy in Latin America. Strategic location. Second-most biodiverse country in the world. Large topographical and climatic variety. Abundant natural resources. Market Potential

Exports (2007): USD 29,991 Million Imports (2007): USD 32,899 Million FDI (2007): USD 9,040 Million Literacy rate: 92.1% Currency: Colombian Peso (COP)

2007 Total UK exports to Colombia: £ 140 m. Total Col imports: £ 370m. Deficit: £ 230m.

BP Shell The Wood Group Anglo American BHP Billiton SAB Miller Royal & Sun Alliance HSBC Jardine Lloyd Thompson (JLT) Bundy KPMG Ernst & Young Ogilvy & Mather JWT Unilever Tate & Lyle UK investors in Colombia

Some business issues….. - security - level playing field - Free Trade Agreements - legal stability - tax reforms - corruption - ‘Colombia es Pasion’

Agriculture (inc genetic material and live animals) Environment (water treatment, Clean Development Mechanism projects, environmental consultancy and renewable energy). Mining machinery and training in the oil & gas sector. Education – English language Tourism Retail What are the opportunities?

Promotional material and literature. Importance of good relationships. Travel recommendations. Agent / Distributor. Follow up and next steps. Key Ways of Doing Business

UKTI Key Services Export Market Research Service (EMRS) Overseas Market Introduction Service (OMIS) Export Communications Review (ECR)

Contact details: Neil Wynn-Jones UK Trade & Investment London Region Tel: Ximena Prelle British Embassy, Bogota - Trade & Investment Section Tel: x Daren Hartwell Manager Caribbean Unit UK Trade & Investment, Kingsgate House Tel: UK Trade & Investment Contacts