As of mid-2014 Colombia was on the verge of tapping its vast reserves of shale and offshore oil and gas. Exploiting these resources will help the country’s hydrocarbons sector tackle its two primary challenges: low reserves and limited production growth. Despite its position as one of the world’s leading producers, Colombia has an extremely low reserves-to-production...
Since the 1990s Colombia’s strong push for economic growth has substantially contributed to development via exchanges with key international markets. However, this has also put many local industries in a position where they compete with international giants that often have more experience, economic advantages and occasionally unfair export practices...
While cocoa is produced en masse in Africa and Asia, plantations in Colombia compete by yielding fine aroma beans, which make up 5% of the global market, according to the International Cocoa Organisation (ICCO). Processing is primarily divided between Nutresa, formerly the Compañía Nacional de Chocolate, and CasaLuker. Nestlé Colombia also produces...
By far the most popular sectors for foreign direct investment in 2012, oil and mining have seen a number of successful business ventures, contributing significantly to the country’s overall economic development. This has boosted the potential for an array of other industries further downstream, such as petrochemicals, which provides a very promising...
Amid a general economic slowdown, the government has applied several strategies to tackle key industrial deficiencies and strengthen productive practices. Aside from the major stimulus package announced in April 2013 to inject resources into industrial activities, a permanent initiative using less conventional tactics has been operating successfully...
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