Free economic zones (FEZs) have been an important draw for both domestic and foreign investment in Colombia in recent years. Companies operating in these zones enjoy preferential tax and Customs treatment in exchange for compliance with minimum investment and employment requirements. Overseen by the National Tax and Customs Directorate (...
As a new Colombian middle class emerges, retail is beginning to modernise to meet the needs of a wealthier consumer base. Big Latin American retailers, sometimes called multilatinas, are introducing their brands to the country, and malls have been opening frequently, at a rate of one every 23 days in 2013, according to the National Retail Federation (Federación Nacional...
With road and residential construction thriving, Colombia’s construction materials industries appeared poised for steady growth in the medium term. Materials produced domestically include cement, steel, PVC, brick and several raw resources including gravel, sand and metallurgical coal. All of these sectors stand to benefit from large-scale...
It has been a goal of successive Colombian governments to diversify the economy by developing the manufacturing sector. To a certain extent, this endeavour has been successful. Colombia has a stable industrial base with a presence in a range of industries from processed foods to petrochemicals. Some of these sectors have sustained robust...
With vast coal, gold and other mineral reserves, Colombia is one of Latin America’s leading mining countries. It is the world’s fourth-biggest exporter of coal, an important gold producer and the world leader in emerald mining, a small but profitable sector. Mining has expanded significantly in the past decade as the last two governments have emphasised its importance to...
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