Colombia has experienced strong economic growth in recent years, with GDP growth over 4% annually from 2012-2013. Foreign direct investment in Colombia has also reached record levels, with FDI of US$16.3 billion in 2013. The country's stable macroeconomic environment, young population, and strategic free trade agreements contributing to access of major markets have supported its economic expansion and increasing competitiveness.
Antioquia is a department of Colombia, whose capital is Medellin. It is the second most industrialized region of the country and main exporter of non-traditional products, providing a high potential for investment in agro-industrial and manufacturing sectors. Its way to the Caribbean Sea gives it not only national but international competitiveness.
Antioquia is a department of Colombia, whose capital is Medellin. It is the second most industrialized region of the country and main exporter of non-traditional products, providing a high potential for investment in agro-industrial and manufacturing sectors. Its way to the Caribbean Sea gives it not only national but international competitiveness.
A mission of 18 Colombian companies will participate in the European fair, expecting around 3,500 exhibitors and nearly 150,000 specialized visitors. Dehydrated and frozen fruits and vegetables, peanuts, tea, coffee, almojábanas (corn cakes), stevia, organic brown sugar paste, sugar and beef are among the Colombian products that about 150,000 specialized visitors from Anuga 2013 will sample in the Colombian exhibition stands. Through their products and sample tastings, these companies will aim to put 'Colombia in the mouth of the world'.
This presentation shows some of the most important positive changes that the Colombian economy has undergone, and it shows investors the ease of doing businesses in Colombia.
NeoFocus-Acquisitions and JV in Brazil: why and how to proceed?Jerome Kelber
Acquisitions and Joint-Ventures in Brazil: Why and how to proceed?
Is Brazil still taking off or has it « blown it »? Is it still a good moment to invest in Brazil or is it urgent to wait? With the second round of presidential elections getting close (26 October), what will the outcome change for Brazil?
Brazil has a long term interest in attracting foreign firms to invest and produce in Brazil and has organized itself to convince them to do so. This policy will allow Brazil to go beyond its present economic achievements, which are already pretty impressive, although some important challenges still lie ahead.
Foreign firms have today exciting opportunities to acquire, establish JVs or partner with Brazilian companies. If their approach is executed properly, respectfully of the specificities of Brazilians, they will improve the prospects of the country, while at the same time grasping huge rewards, in a virtuous circle.
Here is why.
Presentation made by Mr. Carlos Herrera, CEO, Proinversion at the India LAC Investment Conclave. The conclave was organised by FICCI in New Delhi. More details at indialacconclave.com
Brazil Digital Report: a first-edition dossier on the Brazilian digital economy. A comprehensive report on trends and facts for investors, public and private institutions, entrepreneurs, executives, students, and for digital savvy people who are curious about Brazil.
https://www.brazilatsiliconvalley.com/
Brazil Digital Report - 1st Edition By McKinsey & Company and Brazil at Silic...Ana Lucia Amaral
An amazing initiative by McKinsey and Brazil at Silicon Valley: A report that presents an overview of Brazil’s economy, including its innovation, digital and entrepreneurial landscape. Source: https://www.brazilatsiliconvalley.com/brazil-digital-report
#BSV19
Brazil Digital Report - 1st Edition
A first-edition dossier on the Brazilian digital economy
April 8th, 2019
The Report
A comprehensive 191-page report on the Brazilian digital economy, including macroeconomic indicators, Internet trends, investment facts, and data on the overall entrepreneurship and innovation landscape.
The Audience
This report is intended for all those who can play a part in driving the innovation agenda in the country – entrepreneurs, investors, public and private institutions, global business leaders, as well as digital savvy people who are curious about Brazil.
The Methodology
This is a curated compilation of public information and selected proprietary McKinsey data. We aspire to revise it annually with fresh data in order to tell the ongoing story of Brazil’s digital and innovation evolution.
Acknowledgments
McKinsey thanks the support it has received from Brazil at Silicon Valley, a student-led movement that started at Stanford University and whose mission is to improve Brazil’s competitiveness and global relevance through technology and innovation.
Brazil is a strategic focus for foreign corporates. It attracts one of the highest levels of FDI globally and with investment expected to reach a record US$70 billion in 2013, competition for high quality assets is increasing
As 2016 is gradually coming to a close, it will be said by manufacturers and consumers alike that it is a year in which the need to dig deep and reach for the untapped and unused inner strength and capabilities became more imperative. Strategies defined the landscape of brand
management and execution was the sing-song in board rooms across the country.
Brands continued to spend and talk loud amidst the recession’s high cost of production and shrinking disposable income. 2016 clearly marked the separation of the “men” from the “boys” in manufacturing. Doggedness and determination proved to be another unique factors displayed by brands with the “men” carting away the prizes while the “boys” drowned in the flood of the bad economy.
This year also marked the birth of BrandSpur Ng, and in this edition we continued what we promised to keep doing by serving you insightful and informative brand activities, events, advertisements and happenings across different sectors in the economy that can make you win in the marketplace.
We bring to you everything you need to know about retail audit/management, how to treat your customers like royalty, new launches; while the hospitality and tourism section enlightens on the use of ‘Emu Oguro’ (local palm wine) to attract foreign tourist through exports and we also portrayed the resilience of two young Nigerian entrepreneurs who are making giant strides despite the odds in the SME corner.
It is our delight to keep you informed and enthralled to the pages of BrandSpur Ng; kindly share your comments and do not forget to subscribe and share this brilliant piece with your friends and colleagues.
Compliments of the season and see you in 2017.
Primark’s Background Primark retails a diverse range o.docxstilliegeorgiana
Primark’s Background
Primark retails a diverse range of products for
Women- Men- Children - Home- Beauty-
Accessories - Confectionary
Primark’s Parent
company is
PRIMARK
IRISH CLOTHING RETAILER
Founded in 1969
The stores in Ireland are branded ‘Penneys’
(Primark, 2016)
308 Stores in Europe
Stores in America
Brands
Financial performance 2014- 2015
UK largest market
In 2015 sales were 13% higher than
2014
Like-for-like sale 1% ahead of 2014l
(reflects strong international
performance)
UK delivered a positive like-for-like
performance
France been the most successful
new market
US Dollar’s strength against the Euro
has caused an adverse effect on
margins (ABF, 2015).
650 660 670 680
2014
2015
PROFIT £m
4,600 4,800 5,000 5,200 5,400
2014
2015
REVENUE £m
Future store
expansion
2016
Plan to open 6 stores in US
and the first in Milan
(Mintel, 2016)
Adapted from Primark, 2016
(ABF, 2015)
Primark’s suppliers are located in Bangladesh,
China, India, Turkey and other locations
around the world. Primark is ‘ an international
brand with a global supply chain” (ABF., 2015).
Primark’s Existing Markets
US, UK, Ireland, Austria, France, Germany
Netherland, Portugal, Spain, Denmark,
Belgium (ABF, 2015).
(Adapted from Primark.com,2016)
Justification for Primark’s further International Expansion
Primark’s brand is perceived as
highly differentiated, with strong
image for good value for money,
offering fun and vibrant products
(Mintel, 2015a).
Primark is one of the
leading footwear
retailers in the UK
(Mintel, 2015b)
5.3 %
Footwear
Market
share UK
Financially strong
(ABF, 2015)
Active presence in social media
(Primark, 2015)
One of the largest clothing retailers in
Europe with sustainable growth (ABF,
2015)
After the problem in Bangladesh with a
factory, Primark keeps improving ethical
working standards by their Code of
Practice ensuring ethical working
conditions for their employees and
suppliers (ABF., 2015)
(Mintel, 2015 €)
(Adapted from Johnson et al ,2015, p.131)
W E A K N E S S E S
Primark’s brand reputation
affected by scandal due to
factory collapsing in
Bangladesh (Dobrin, 2013)
3.5
level
-19
level
(Adapted from Brand index, yougov.co.uk, 2013)
Primark ‘s e-commerce is
not developed yet
Primark totally dependent
on outsourcing,
manufacturing is risky due
to the power of suppliers
(Johnson et al ,2015).
BRANDINDEX
2013
S T R E N G H T S
Leading retailer in the UK
youth fashion gaining
excellent international
reputation (Mintel, 2014a)
Primark has the experience,
strengths and infrastructure to
grow and expand internationally
.
Primark posses strong marketing
skills, an affordable and appealing
product range and the capacity in
areas of production to satisfy their
markets’ demands (Muhlbacher,
Leihs and Dahringer, 2006). ...
Boosting private investment for growth and competitiveness in Argentina. A view from the OECD
OECD EMnet Business Meeting on Latin America
Buenos Aires, 14 November 2017
1. Presentación Colombia - InglésCOLOMBIAInvestment Environment and Business Opportunities in ColombiaSeptember -2014
2. About us
Proexport is in charge of the promotion of International Tourism, Foreign Direct
Investment, and non-traditional exports in Colombia
www.proexport.com.co
EXPORTS INVESTMENT TOURISM
6. Proexport in Colombia
www.proexport.com.co
25
8 Regional Offices
Information centers
Barranquilla. Bogotá. Bucaramanga. Cali.
Cartagena. Cúcuta. Medellín. Pereira
Valledupar. Pasto. Palmira. Armenia = Universidad Gran Colombia –
Cámara de Comercio. Villavicencio. Boyacá = Tunja - Duitama -
Sogamoso. Ibagué. Santa Marta. San Andrés. Aburrá Sur. Neiva.
Barranquilla = Cámara comercio – Universidad del Norte.
Cartagena. Medellín. Bucaramanga. Cali = Cámara de Comercio.
Pereira. Bogotá. Manizales. Cúcuta.
7. 26 commercial offices
prescence in 30 countries
United States. Canada. Mexico. Guatemala. Costa Rica. Caribben.
Venezuela. Brazil. Ecuador. Chile. Peru. Argentina. Spain. Germany.
Portugal. Uk. France. Turkey. United Arab Emirates. India. China. South
Korea. Russia. Japan. Singapore. Indonesia.
Proexport in the world
8. General factsColombia is the country with the highest biodiversity per km2 Itis among the 17most megadiversecountries of the planet. 55% ofthepopulationislessthan30yearsold.Thereareeightcitieswithover500thousandpeople. Withanextensionof1,141,000km2almost3timesthesizeofCaliforniaandtwicethesizeofTexas. ColombiaistheonlycountryinSouthAmericawithaccesstoboth,theAtlanticandthePacificocean.
9. Times of great economic achievementsGDP2013: +4.7% GDP 2012 : +4.0% Higher than the Latin American average growth (3.2%). Controlled Inflation: 1.94% Below target inflationUnemployment rate 2013:9.6% Unemployment rate 2012: 10.4%. FDI2013: US$16.354FDI 2012 : US$ 15.119Record figure in Colombian historyFigures in US Millions 1.02 million barrels per day of oil productionThirdlargestproducerinSouthAmerica
10. A competitive location with easy access to markets around the globeMexicoCity4H45MLos Angeles8H20MQuito1H30MLima3H00MPeruEcuadorMéxicoUnitedStatesCanadaBrazilArgentinaChileSpainFrance
Germany
Over878weeklydirectinternationalflights.
Morethan4,500weeklydomesticflights.
Lessthan6hourstothemaincapitalcitiesinLatinAmerica.
Morethan20differentairlinesoperatinginColombia. New York 5H35MToronto6H05MCaracas 1H20MSantiago Chile 5H00MBuenos Aires 6H15MSao Paulo 5H45MMadrid9H40MParis 10H40MFrankfurt11H15M
11. The second largest spanishspeaking country in the world and the 24thmost populatedSource: DANE. EIU -EconomistIntelligenceUnit. 2014. * Forecast. 202,8117,590,6
83,5
81,064,650,547,735,630,830,223,517,710,7
9,7
8,58,28,17,1
5,5
5,14,4Población 2014* Millones
12. Colombia is within the 30thlargest economy in the worldand one of the largest non-OECD economies
150
226302300397425
373
432448387401
415
5956008161,176
1,790
2,3242,560Nueva … DinamarcaIsrael
Noruega
PerúHong KongChileSuecia
Belgica
SingapurSuizaVietnamColombia
Malasia
ArgentinaAustraliaMéxicoBrasilAlemania
GDP at PPP –2015 en
US$ Billion
Note:GDPadaptedtoPurchasingPowerParityPPP.Projecteddata. Fuente: FMI . 2014
13. 0
1
23456
7
8
9
ChinaIndia
Nigeria
VietnamIndonesiaColombiaEgypt
Turkey
BrazilRussiaSouth KoreaMexicoSouth Africa
United States
Canada
Japan
United KingdomGermany
France
ItalyColombiawillcontributesignificantlytoworldeconomicgrowthBRICsOtherEM
CIVETsG7Why? Respect for private and intellectual property. Natural resource boomAdvance in national security and peace processFTAs with almost 50 countries (including the US) Rapid FDI growthSource: “Diamonds in the rough: Unearthing opportunity in an uncertain world” . The Economist March 2013.
14. Colombia's per capita income has nearly doubled since 2000Per capita National Income (PPP) 2000 –2018p, US$
HighIncome
MiddleHighIncomeMiddleLowIncome
LowIncome
Income
Source: EIU –Economist Intelligence Unit. PPP = purchasing power parity.
Economies are divided according to 2012 income per capita, calculated using the World Bank Atlas method. The groups are: low income, US$1,035 or less; lower middle income, US$1,036 -US$4,085; upper middle income, US$4,086 -US$12,615; and high income, US$12,616 or more.
5,805
8.850
10.800
14,1100
2.000
4.0006.000
8.000
10.000
12.000
14.00016.000
15. Macroeconomic stability and strong economic performance in the long term
P: Projected
Source: DANE; Bancode la República; FedesarrrolloJuly 2014, EIU -Economist Intelligence Unit . 2014
InflationGDP
Unemploymentrate
GDP Growth, Inflation and unemployment Rate 2002 –2018p (%) 15.6
14.1
13.7
11.8
12.0
11.211.3
12.0
11.8
10.8
10.49.67.06.55.5
4.9
4.5
5.7
7.7
2.0
3.7
2.41.9
9.1
9.0
8.9
8.98.63.03.43.6
3.5
3.3
2.5
3.9
5.3
4.7
6.76.9
3.5
1.7
4.0
6.64.04.75.05.0
4.7
4.6
4.6
2002
2003
2004
20052006
2007
2008
2009
20102011201220132014p
2015p
2016p
2017p
2018p
16. Economic growth has been fueled by high rates of investment
Gross Capital Formation (% of GDP) 2000 –2016f
Source: EIU –EconomistIntelligenceUnit
Figures at constant prices of 2005.
p-Projected
16% 18% 25%
24%
27% 28%
31%
2000
2001
2002
2003
2004
2005
2006
2007
2008200920102011
2012
20132014p
2015p
2016p
2017p
2018p
17. A rapidly growing middle class16.2% 25.3%
37.3%
46.3%
43.8%
59.9%
2002
2012
2020
2025
Below Baseline Scenario
Above Baseline Scenario6.7
6.722.319.032.124.7
Millioninhabitants11.6
11.6
Source: Fedesarrollo, 2013
Middle class in Colombia as apercentage of total population
Baseline scenario: 4.6% GDP growth
Below baseline scenario: 4.2% GDP growth
Above baseline scenario: 5.3% GDP growth
Middle class: Monthly household income between 3.2MW and 13MW
(MW) Minimum wage in Colombia 2013: US $333.
18. Economic growth, Investor Confidence and Security
* Figures do not include FDI registered for SabMilleradquisitionof Bavaria in 2005 (USD 4,800 MM). ** Perception of insecurity as a key issue affecting industrial growth in the country. Monthly Industrial Survey -ANDI. Source: National Business Association of Colombia -ANDI. Balance of Payments –Bancode la República.
0,0
5,0
10,015,020,025,0
30,0
0
1000
2000
3000
4000
5000
6000
IED -US$ million*
Insecurity perception**
19. Colombia, an investment-grade country with positive outlook
Source: S&P Ratings; Revista Dinero, ColombianTreasury.
S&P (April 2013) and Fitch(december2013)improved Colombia´s sovereign debt outlook. “Effective implementation of recent fiscal reforms could improve its debt and interest burdens”–S&P(July 2014) Moody´s upgrades Colombia's rating to Baa3 from Baa2.
RatingDate
Rating Agency
Long Term–Foreign Currency
Short Term– Foreign Currency
Long Term–Local Currency
Short Term –Local CurrencyOutlook
Stable
BBB
A –2
BBB +
A -2
24–Apr-201324–Apr-20135 –Mar -20075 –Mar -2007Long Term– Foreign CurrencyShort Term– Foreign CurrencyLong Term –Local CurrencyBBB F –2BBB+ 13 –Dic-201322 –Jun-201122 –Jun-2011
Long Term–Foreign Currency
Positive
Baa2
28–Jul -2014
Term
Stable
ThekeydriversforMoody´supgradeonJuly2014were:
1.Expectationsofcontinuedstronggrowthdynamicsdespiteexternalheadwindsandrobustlong-termgrowthprospectssupportedbythefourthgeneration(4G)infrastructureinvestmentprogram;
2.Soundfiscalmanagementthathasledtomoderatefiscaldeficitscoupledwithcontinuedcompliancewiththefiscalruleandexpectationsthatthiswillcontinue.
20. Colombia with the most reforms in Latin America towards the improvement of Business environment
Source: DoingBusiness 2014. WorldBank. *Positive numbers indicate improvements in business environment.
Country
Ranking 2014*
Chile
34
Peru
42
Colombia
43
Mexico
53
Panama
55
Costa Rica
102
Brazil
116
Argentina
126
Ecuador
135
Venezuela
181
Ranking Doing Business*
2008-2014
Changein thenumberof positions
23
16
13
10
6
-1-7
-9
-9
-17
Colombia
Panama
Costa Rica Mexico Peru
Venezuela
Ecuador
Brazil
Chile
Argentina
21. Colombia is the leader in terms of Investor Protection in the regionSource: DoingBusiness. WorldBank . 2014.
Ranking
Country
6
Colombia
16
Peru
34
Chile
68
Mexico
80
Brazil
80
Panama
98
Argentina
182
Venezuela
8.3
7.0
6.3
5.7
5.3
5.35.0
2.3
Colombia
Peru
Chile
Mexico
Brazil
Panamá
Argentina
Venezuela
InvestmentProtectionIndex
Doing Business -2014
22. Total commerce has grown almost 5 times in the past 10 yearsUnitedStates
•Exports: US$18,458 million
•Imports: US$ 15,681 millionChina
•Exports: US$ 5,102 million
•Imports: US$9,841 million
Mexico
Exports: US $863 million
Imports: US$ 5,299 millionBrazil
•Exports: US $1,590 million
•Imports: US$ 2,547 millionExportsand Imports. 2000 –2013US$ millions
Source: DANE, 2014 24.915
25.151
24.67127.008
33.475
42.395
50.553
62.888
77.29565.683
80.502
111.628118.758118.219
2000
20012002
2003
20042005
2006
2007
2008
2009
20102011
2012
2013Comercio total (X+M)
23. Colombia shows a remarkable growth of its exports
Variation2010 -2011: 43%
Variation2011 -2012: 5,7%
Variation2012 -2013: -2.2%
Source: DANE .
Takingintoaacounttradtionaland non –traditionalexports.
Exports. 2000 –2013
FOB ValuesUS$ millions
Top export destinations 2013UnitedStates
•US$ 18,459 million
•Part. 31.4% Panama
•US $2,939 million
•Part. 5.7% China
•US $5,102 million
•Part. 8.7% India
•US $2,993 million
•Part. 5.1% 13,15813,12921,190
37,626
56,954
58,822
2000
2001
2002
2003200420052006200720082009201020112012
2013
24. Imports also have increased rapidly
Variación2011 –2012: 7.2% Fuente: DANE11,757
21,204
39,666
32,89154,23359,397200020012002200320042005
2006
2007
2008
2009
2010
2011
2012
2013Top imports by origin 2013Imports2000 –2013CIF Values-US$ millionUnitedStates
•US$ 16,337 million
•27.5% Mexico
•US$ 5,496 million
•9.3% China
•US$ 10,363 million
•17.4% Brasil
•US$ 2.590 millones
•Participación: 4.4%
25. Free TradeAgreements
Source: Colombian Ministry of Commerce, Industry and Tourism. 2014.
Canada
UnitedStates
Mexico
GuatemalaHondurasEl SalvadorEcuadorBrazilPeruArgentinaParaguayUruguayLiechtensteinSwitzerland
Island
NorwayEuropeanUnion
Turkey
IsraelJapanPanamaChileBoliviaCosta RicaVenezuela* PacificAllianceSouth KoreaCuba*
Nicaragua*
*These are Partial Scope Agreements (PSA) ---The dotted line refers to member countries of The Pacific Alliance other than Colombia. –Chile, Peru and México.
In forceSigned
In negotiation
26. International Investment Agreements -IIA
Source: Colombian Ministry of Commerce, Industry and Tourism. 2014.
Canada
UnitedStates
MexicoGuatemalaHondurasEl SalvadorPeruSwitzerlandTurkeyJapanChileNote: The International investment agreements (IIA) include Agreement Investment Treaties –BIT (agreement) and Free Trade Agreements –FTA-with investment section (chapter). SpainChinaIndiaUnitedKingdomKuwaitSingapur
Azerbaijan
QatarRussiaFrance
UAEIn force
Signed
In negotiation
27. Double Taxation Agreements -DTASource: Colombian Ministry of Commerce, Industry and Tourism. 2014.
Canada
MexicoPeruSuizaJapónChileCorea del Sur
Spain
India
BélgicaAlemania FranciaRepública Checa Portugal
UnitedStates
BoliviaEcuador Países Bajos In forceSignedIn negotiation
28. Colombia: A gateway to the Pacific AllianceSource: MCIT, 2013
GDP of USD 2,010.3 billion
The members generate 35% of the region´s GDPPopulationof 209 millionAlmostBrazil´sPopulation50% of Latin American commerceTotal trade of US$ 1,116 billion (2012) FTAswith60 countriesAccess to benefits of markets that represent 85.7% of the World GDPMexico
Colombia
PeruChile
29. In 2013 Colombia reached a new record in FDI:
Nearly 10 times of what it received 10 years ago
Source: Balance of Payments -Bancode la República.
Share of all countries with positive cumulative investment, The information includes reinvested profits or investments in the oil sector
Note: the list of the top countries investing in Colombia does not include Panama.
Top Investing Countries in Colombia 2000–2014 I Trim
FDI Inflows. 1994 –2014 I TrimUS$ millionUnitedStates
•US$ 25,912 million
•23.1 % England
•US$ 15,894 million
•14.1% Spain
•US$ 8,579 million
•7.6% Chile
•US$ 4,408 million
•4%
2,504
7,821
15,11916,354Prom. 1994 -2002Prom. 2003 -201120122013Var. 8% 1,944
1,959
1,708
1,449
2013(I Trim)
2014(I Trim) Oil and GasOther sectorsVar. -6,6% Investment in non- mining sectors grew 0,8%
30. The stock of Colombia’s outward FDI has grown nearly ten-fold since 1994
Source: Banrep, 2014; WorldInvestment Report, Overview 2013; FDI Markets, Global Greenfield Investement Trends. 2013; CEPAL 2013.
Stock of outwardFDI. 1994 –2014 I Trim
US$ million
FDI outflows by sectors,
1994 –2014 I Trim
UnitedStatesUS$ 7,364 million18.2% EnglandUS$ 5,601 million13.8% PanamaUS$ 6,813 million16.8% PeruUS$ 2,718million6.7% 3,652
40,556
Stock …Stock…
-606
7,65289520122013
2014 -I Trim
Financial services , 30,2%
Industry , 24,0%
Oil & Mining , 19,5%
Electricity, water & gas , 11,5% Transport & Communications , 7,4%
Commerce, Restaurants & Hotels , 4,3%
Others , 3,1%
31. Sectors of opportunity-Tourism
Source: Migración Colombia, MCIT, Banco de la República. Cálculos de Proexport1,053
1,195
1,223
1,354
1,475
1,582
1,6921,83251127
228
285296
313
2543062006
2007
2008
2009
2010
2011
20122013Arrivals (Migración Colombia)Visitors in cruisesUnitedStates
•336,454 visitors
•18.4% EuropeanUnion
•307,212 visitors
•16.8% Venezuela
•261,343 visitors
•14.3% Argentina
•129,069 visiors
•6.4% Main nationalities of foreign visitors in Colombia, 2013Foreign visitors in Colombia2006 –2013, thousands
32. Some examples of high profile Colombian “multilatinas” OneofthelargestfoodcompaniesinColombia,Nutresahaspresencein12countriesinLatam,withmanufacturingplantsin8ofthem. Recently,thecompanysignedanagreementtoacquire100%ofthesharesinTresmontesLucchettiS.A.inChileforUSD758million.
SURABrandiscurrentlywellknownintheinsurance,pensionandinvestmentfundbusinessthroughitsoperationsinMexico,Peru,UruguayandChile.
In2011,thegroupboughtINGassetsinLatinAmericaforUSD$3,614million.
ItisthelargestfinancialconglomerateinColombia.TheGrouphassubsidiariesinElSalvador,Panama,andPuertoRico. In2012,Bancolombiaacquired100%oftheordinarysharesand90.9%ofthepreferredsharesofHSBCBankinPanama.
34. Opportunity Sectors –Oil & Energy Colombiaisoneofthemain20oilproducerscountriesintheworldwithmorethan1dailybarrels. InternationalEnergyAgency,2013ColombiaisthesecondbiofuelproductorinLatinamerica
Accordingto“EnergyArchitecturePerformanceIndex2013”ColombiaisthefirstinLatinAmericaandthesixthworldwide.WEF,2013.
Itisexpectedthatthehydroelectriccapacityreaches18,653MVin2018.
0,53
0,59
0,67
0,79
0,91
0,94 1,00 1,03
1,10
1,24
200720082009201020112012
2Q 2013
E 2013
E 2014
E 2018
Oil production in Colombia
Millions of daily barrels
35. Opportunity sectors–Infraestructure & Logistics Fuente: Agencia Nacional de Infraestructura (ANI), 2013
Concesiones Existentes
Concesiones Nuevas
Colombiahasoneofthemostimportantpublicinitiativesinthecountry.Lookingfortheimprovementandbuildingof8.170kmofroadsestimatedinUS$24,4billions.ANI,2013
Thegovernmentaimsincreasingtheportcapacityin70%throughtheportextension,publicportsbuildingandtheaccesschannelsdredging.
36. Opportunity sectors –Manufactures for the local and foreign markets. Buildingmaterials,carsandparts,clothing,cosmeticsandcleannessproducts,electricmachines,others.
Colombiahasabusinessnetworkofmorethan3,700industrialcompanieswithexportexperienceMorethan400.000graduatesandspecialistsinengineeringrelatedareasbetween2000and2011
8metropolitanareaswithmorethan500thousandcitizensMedellín 2.441,123 hab. Cali2.344,734 hab. Barranquilla 1.212,943 hab.
Bogotá
7.776,845 hab.
Cartagena 990,179 hab. Cúcuta 643,666 hab.
Ibagué
512,631 hab.
Bucaramanga
527,451hab.
38. Labor incentives
New employees with incomes lower than 1.5 Minimum Wages (US$ 476). Length of benefit by employee : 2 years. Newwomenemployeesabove40yearsoldwithmorethan1yearunemployed.Lengthofbenefitbyemployee:2years. Newemployeesundertwentyeight(28)yearsold.Lengthofbenefitbyemployee:2years. Newemployeescertifiedindisplacementsituation,reintegrationordisability. Lengthofbenefitbyemployee:3years. Discount in the income tax and supplementary contributions, and other contributions from payroll. (Do not include positions generated by mergers or replacements)
40. Free TradeZone
PermanentFree TradeZone
SpecialStanding"Uniempresarial" (FTZ)
Guajira
Magdalena
Atlántico
Bolívar
Valle del Cauca
Cauca
Norte de Santander
Santander
BoyacáCundinamarca
Huila
Antioquia
Caldas
Risaralda
QuindíoFTZ requested or approved prior to December 31, 2012.
•15% Income tax. FTZfiledafterDecember31,2012.
•Income tax of 15% + 9% tax CREE.
CaribbeanRegionAndeanRegion
PacificRegion
Free TradeZones: Reducedincometaxand sales allowedtothelocal market
41. Free TradeZones: Reducedincometaxand sales allowedtothelocal market
No import duties. VAT exemption for goods sold from Colombia to FTZ.
Benefit from international trade agreements.
Allows sales to the local market.
Free trade zones for different investor styles.
42. A country of regions and differentiated opportunities for investors
CaribbeanRegion
Tourism, Logistics, Petrochemical, Construction Supplies
Atlantic Export Platform.
Central/AndeanRegion
OutsourcingServices,highvalue-addedmanufacturing,hubtocoverdomesticmarket,specializedagribusiness.
PacificRegion
Manufacturing, Agribusiness, logistics, biotechnology, Pacific export platform.
EasternRegion
Agriculture,forestry,biofuels,hydrocarbons
AmazonRegion
Conservation, ecotourism (Leticia)