Which export products will benefit most from a stronger trade relationship with Asia?
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Interviews & Viewpoints | OBG talks to María Claudia Lacouture, President, Proexport from The Report: Colombia 2013
Articles & Analysis | Getting back on track: Aggressive government programmes stimulate activity from The Report: Colombia 2013
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...
Articles & Analysis | From the farm to the table: More acreage and free trade agreements set to boost cocoa industry from The Report: Colombia 2013
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...
Articles & Analysis | Flexible and resistant: Petrochemicals show much potential with a growing plastics industry from The Report: Colombia 2013
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...
Articles & Analysis | Articulating approaches: Public-private entity enhances industrial output from The Report: Colombia 2013
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...
Weaker international demand and increasing foreign competition have caused the output of the industry sector to fall 0.7% in 2012, limiting its contribution to GDP to 12%. Traditional industries as well as the manufacturing of vehicle parts and their assembly have been hit the hardest. Nonetheless, some segments, such as fast-moving consumer goods, continue to display potential. Colombia’s shift...