Colombia Articles & Analysis

Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.

 

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What are some challenges to the growth of the agro-chemical industry in Colombia, and which areas should be targeted for development?

 

Industrial growth has given Colombia a strong internal mechanism for development and an effective way to supply internal demand.

 

Growth of the economy has translated into an expansion of disposable income for some segments of the Colombian population. Consequently, the retail sector has been developing at an unprecedented speed. This has led to an expansion of the fast-moving consumer goods (FMCGs) segment and a vast increase in modern retail space across the country....

Chapter | Industry & Retail from The Report: Colombia 2017

Industry is set to remain an important part of Colombia’s economy, not only for its capacity to create employment, but also for its significant impact on regional development. However, manufacturers face a challenging domestic environment due to fiscal reforms, which are likely to reduce consumer expenditure in 2017. Still, the devaluation of the peso has made the country’s exports more...

 

LANGUAGE: Spanish is the official language, although more than 60 indigenous and Creole languages are spoken in various regions. English is also an official language in San Andrés, Providencia and the Santa Catalina islands off the northern coast. Business executives and senior government officials...

 

Colombia is in vogue, and its presence in global political and economic scenes is ubiquitous. Beyond the country being chosen by The Economist as its “country of the year” for 2016 and named the second best country to visit in 2017 by Lonely Planet, Colombia is also rising as a cultural and social epicentre in the Latin American...