Trade by country - Colombia

Colombia is one of the fastest growing economies on the Latin American continent. Thanks to annual growth rates of 4.7% on average over the past four years, the republic is mentioned in the same breath as the CIVETS countries, a new generation of tiger economies.

This favorable situation is the result of an improved security environment, combined with the economic policy of President Santos, who was re-elected for a second term in office in June 2014. This will include support for 5 “engines of growth and job creation”. These are infrastructure, housing, mining & energy, agriculture, and innovation, all sectors of vital economic importance.

At the same time, Colombia is increasingly opening up to foreign investors and efforts are being made to broaden and deepen international relations. The recently concluded free trade agreement between Colombia and the European Union can also be understood in this context. This treaty opens markets for both European and Colombian exporters.

On the occasion of the joint trade mission to Colombia and Peru from October 18 to 25, 2014, the Belgian Foreign Trade Agency published an “economic study”. The first chapter of this study is devoted to Colombia's macroeconomic situation, while the second provides an analysis of three dynamic sectors in which the trade opportunities are numerous: the agro-industry, construction & infrastructure and the energy sector. Finally, a selection of recent success stories of Belgian companies in Colombia is given.

Document only available in French and Dutch.