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!
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 […]
Colombia is a free market economy – the fifth largest in Latin America- and major commercial and investment ties to the United States. Its transition from a highly regulated economy has been underway for more than a decade. In the early 1990s, Colombia unilaterally initiated economic liberalization or “apertura” which has included tariff reductions, financial […]
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 […]
Coltrade gives you some steps if you are planning to start a business in Colombia. In general, individuals or companies exporting goods from Colombia must comply with the following procedures: Step 1: Certificate of Origin (if required by the importing country) Some importing countries require a Certificate of Origin (Certificado de Origen) for the exported good […]