Guide

Exporting to Colombia

Advantages and challenges of exporting to Colombia

There are advantages and disadvantages of doing business in Colombia.

Advantages include:

  • the UK’s fifth largest export market in Latin America
  • one of the most open markets in Latin America with 13 Free Trade Agreements (FTA)
  • a developing location as a regional hub with duty free access to the other Andean nations, Mercosur and Chile
  • a ‘top reformer’ in five of the last eight years according to the World Bank
  • a tradition of stable economic growth
  • the top country in Latin America (and sixth in the world) for investor protection
  • skilled workers and the second most flexible labour market in Latin America

Challenges include:

  • doing business can take a long time with constantly changing deadlines
  • bureaucracy
  • difficult geography and poor transport infrastructure
  • between five and six hours behind GMT
  • 12 hours away from the UK by plane