Country Information Export Development Canada South and Central America and the Caribbean

Colombia

Stability and business-friendly policies are driving interest in the Colombian market, where Canada is a recognized supplier of goods and services.

Evaluating the market in Colombia

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Colombia

Investor and exporter interest in Colombia is being driven by a combination of business -friendly policies, economic and political stability that will be supported by an expected peace agreement with the FARC and a diversified economy with a large domestic market. The Canada-Colombia Free Trade Agreement (FTA) has helped to solidify Canada's established and rising trade and investment relationship with Colombia. Moreover, despite the low commodity price environment, Colombia remains committed to attracting FDI in its oil and gas, and power sectors, where Canada is already a major investor and a recognized supplier of goods and services. Similarly, the government is implementing an ambitious infrastructure program that includes road concessions, airports, ports, and social infrastructure projects.
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Mining & Metals
  • Oil and Gas
  • Power

Trade agreements make it easier for businesses to trade and invest in other countries. In this guide, we take a look at each of Canada’s free trade agreements and explain when and how you can use them to sell outside Canada.

Profiting from Canada’s International Trade Agreements

Countries that share free trade agreements (FTAs) with Canada often make ideal new markets. Learn the basics of FTAs and how they can benefit your business.

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.

Unlock key contacts in Columbia when you download our Market Entry Advisor Guide

International Trade Solutions

We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC