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!
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 […]
The United States Government enacted the Andean Trade Preference Act in 1991 to help combat drug production and trafficking in four Andean countries: Bolivia, Colombia, Ecuador and Peru. The program offers trade benefits to help the beneficiary countries develop and strengthen legitimate industries. ATPA was expanded under the Trade Act of 2002, and is now […]
Excepts from media coverage of Colombia’s presidential election “The Uribe wind is not only an endorsement of a worldview favoring security, the rule of law and global engagement for Colombia. It is also evidence of a backlash against economic isolation and hostility toward private property preached by Mr. Gaviria and Mr. Chávez next door. As […]
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 […]
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 […]