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COLOMBIA : Recent Changes and its Bilateral
Relationship with Canada
The Government of President Juan
Manuel Santos is transforming
Colombia into a just, modern and
safe country and hence guarantee
PROSPERITY FOR ALL
Head of State
President Juan Manuel Santos Calderón
(2010-2014, 2014-2018)
Colombia With coastlines on both the Pacific
and Atlantic oceans, Colombia is an
important platform for the region
Population: 47,154,530
Total Area: 2,070,408 km
Land Borders: Panama, Venezuela,
Brazil, Peru, Ecuador
P
T
LB • Inflation in 2013: 1.94% • Average GDP growth
2003-2013: 4.5%. • Direct foreign investment in
2013: USD $16.8 billion • Unemployment 9%: lowest
rate since 1976 • In 2014, Colombia was able to
issue debt bonds at 5.625% a year.
Trust and Business
Colombia becomes the
New Star of the South
“La Colombie a affiché une
performance économique
remarquable au cours de la dernière
décennie. Une politique-cadre - ancrée
par un régime de ciblage de l'inflation,
un taux de change flexible et une
politique budgétaire de moyen terme –
et une gestion intelligente des
politiques, a contribué à augmenter la
résistance aux chocs et à maintenir une
forte croissance et d’inflation faible.
Le processus de paix en cours pourrait
aussi contribuer à cimenter ces gains et
d'assurer une croissance plus inclusive à
l'avenir.”
Christine Lagarde, IMF Managing
Director, December 2012
GDP Growth in
Colombia(%) Source: DANE
In the last four years, GDP has
grown at an average of 4.7%
2.5
3.9
5.3
4.7
6.7 6.9
3.5
1.7
4
6.6
4 4.3
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
• Colombia ranks 3rd in the ease of doing
business in Latin America.
• Colombia ranks 1st in protecting investors
in Latin America.
Source: Top Reformers Report, World Bank
Business Climate
614
467 400
888 1 058 1 000
-273
-591 -600 -800
-600
-400
-200
0
200
400
600
800
1000
1200$
USD
Mill
ion
s
Exports to Canada
Imports from Canada
Trade Balance for Colombia
2011 2012 2013
Trade Between Colombia and
Canada
Colombia exports to
Canada include, fresh
flowers, sugars, apparel
and materials from the
extractive sector (coal,
oil and derivatives,
among others)
Canadian exports
to Colombia are
focused primarily
on grains, industrial
machinery and
vehicles
Since the year 2000
until 2012 canadian
investment in
Colombia amonted for
over USD 1,6 billion.
Canadian investment is
focused mainly in
financial services,
mining, oil and gas,
and services.
10,2
181,1
14,7 7,3 2,5 18,5 8
51,9 78,3
162,8 173,8 210
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$ U
SD M
illio
ns
Canadian Investment
in Colombia
Example of
Canadian Presence
.
• In 2013, 42 Canadian-owned companies developed projects in the mining sector in Colombia.
• Companies from Quebec are present in mining and oil & gas
services, infrastructure, and telecommunications (i.e. SNC Lavalin, WSP Global, Dessau, and PSP Investments).
Pacific Alliance Chile – Colombia – Mexico – Peru
“The Pacific
Alliance is the
most important
integration
process in Latin
America”
Juan Manuel Santos, 6 June 2012
Population 2012 (e ) Source: Wold Bank