Colombian governments have traditionally welcomed private companies, privatization and foreign investment, including Colombia international trade. This attitude was reinforced when the economy “opened” in the early 1990s in a process geared to internationalize the country. The opening of the economy sparked important changes in legislation on foreign investment, the exchange rate, the financial sector, the […]
Free Trade Zones (FTZs) are geographic areas established to promote industrial processing of goods and services, primarily to develop exports, although there is no limits on serving the domestic market once the import duties are paid. There are twelve free trade zones in Colombia: Bogotá, Rionegro (Medellín), Pacific (Cali), La Candelaria (Cartagena), Quindio, Santa Marta. Now with the latest agreement with Canada, our citizens are allowed to play on their online casinos and get the same advantages as Canadians have. Visit https://www.nodepositcanadian.ca/ to find the legal online casinos in Canada and get no deposit bonus to try them for free!
In general, persons or companies importing goods to Colombia must comply with the following procedures: Step 1: Registering the Import The first step is to fill out the import registry (Registro de Importacion) that can be obtained at any of the regional offices of the Ministry of Trade, Industry and Tourism – MINCOMERCIO. The import registry is only […]
Royal Caribbean Returns to Cartagena The U.S.-based company, Royal Caribbean Cruises, will return to Colombian ports after a more than a four-year absence. Richard Fain, President of Royal Caribbean, said during a announcement with Colombian President Alvaro Uribe that he anticipated 75,000 passengers would visit Colombia’s shores within the next year. Royal Caribbean sails to […]
Colombia joined the General Agreement on Tariffs and Trade (GATT) in 1981. Initially, the country only signed the Subsidies Code (1991) and the International Bovine Meat Agreement. In 1993, Colombia signed the Anti-dumping Code and the Customs Valuation Code. Colombia was an active participant during the Uruguay Round negotiations which were concluded in 1993. The […]
Colombia has a special import–export system in place called Plan Vallejo. It is a mechanism by means of which producer entrepreneurs, exporters or traders may request authorization from the Ministry of Trade, Industry and Tourism to introduce into the country, inputs, raw materials, intermediate goods, capital goods and spare parts, exempted from customs tariffs. To be eligible […]
Ecogas to Be Privatized The Colombian government announced in February it will sell Ecogas, a subsidiary of state oil company Ecopetrol, as part of a privatization program that includes the sale of the following five electricity-generating companies: Empresa de Energia de Cundinamarca; Electrificadora del Meta; Empresa de Energia de Boyaca; Electrificadora de Santander; and Centrales […]