Industry is set to remain an important part of Colombia’s economy, not only for its capacity to create employment, but also for its significant impact on regional development. However, manufacturers face a challenging domestic environment due to fiscal reforms, which are likely to reduce consumer expenditure in 2017. Still, the devaluation of the peso has made the country’s exports more...
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Chapter | Industry & Retail from The Report: Colombia 2017
Articles & Analysis | Exploration in Colombia leads to a number of new discoveries and mines from The Report: Colombia 2017
After delays and several false starts, the Colombian gold mining segment gained momentum in 2016 with the awarding of environmental permits for four gold mines. This follows the March 2015 permit given to Canada-based Red Eagle Mining, which, little more than a year later, became the first medium-sized gold mine to enter into production in...
Articles & Analysis | The reinvigorated Colombian mining industry receives strong state support from The Report: Colombia 2017
For a country with three Andean mountain chains and a history of gold and silver production, mining has remained a relatively small contributor to the modern Colombian economy. Between 2012 and 2015 the sector contributed only around 2% to GDP and 20% of exports, with the vast majority coming from two giant coal projects: the Cerrejón mine in...
Articles & Analysis | Peru's value-added industries and small businesses aim to boost industry and retail growth from The Report: Peru 2017
As the world’s third-largest producer of copper and zinc and with the sixth-largest gold reserves, for a country with a population of just 30m people, Peru has historically commanded a large presence in the global commodities market. This was especially true over the 10 years spanning 2002-12, when prices increased substantially during the...
Articles & Analysis | Exporters target high-end retail markets by focusing on Peru's locally produced, quality textiles from The Report: Peru 2017
Home to high-quality materials such as pima cotton, alpaca and vicuña wools, among others, Peru has long been a competitive producer of clothes for both local and international markets.
