Evaluating the market in Colombia

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Colombia

With access from both the Pacific and Atlantic oceans, Colombia serves as a regional trade hub, attracting investors and exporters worldwide. A member of the Organisation for Economic Co-operation and Development (OECD), interest in Colombia is driven by its business-friendly policies, economic and political stability and diversified economy. The Canada-Colombia Free Trade Agreement has helped solidify Canada’s established and rising trade and investment relationship with Colombia. The country remains committed to attracting foreign direct investment in power, infrastructure and energy sectors, where Canada is already a major investor and a recognized supplier of goods and services.

In 2016, the government signed a peace accord with the Revolutionary Armed Forces of Colombia (FARC) and is working towards finalizing a peace agreement with the National Liberation Army (ELN), the remaining guerrilla group. Additionally, the government is in the process of executing an ambitious infrastructure and renewable power generation program that includes road concessions, light rail transportation, social infrastructure, and non-conventional renewable power projects.

Here’s a helpful tip for doing business in Colombia

Dress for success in fashion-conscious Colombia, where your attire and clothes are considered to indicate social standing and business leadership.



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Date modified: 2023-08-04