Colombia Industry Articles & Analysis

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...

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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A pesar de la caída en la actividad de algunas áreas en lo que va de año, el sector automotriz de Colombia puede estar listo para repuntar en el nuevo año, con una baja en las tasas para préstamos, mejores condiciones económicas y nuevos acuerdos comerciales con socios regionales, que se espera faciliten un crecimiento renovado.

 

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

 

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....

 

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

 

After delays and several false starts, the Colombian gold mining segment gained momentum in 2016 with the awarding of environmental permits for four gold mines. This follows the March 2015 permit given to Canada-based Red Eagle Mining, which, little more than a year later, became the first medium-sized gold mine to enter into production in...

 

For a country with three Andean mountain chains and a history of gold and silver production, mining has remained a relatively small contributor to the modern Colombian economy. Between 2012 and 2015 the sector contributed only around 2% to GDP and 20% of exports, with the vast majority coming from two giant coal projects: the Cerrejón mine in...