Colombia’s current government is planning to foster economic growth by further international cooperation in areas such as trade, education, innovation, and technology, reducing the tax burden for businesses and simplifying administrative processes. The tax reform that is currently being discussed by lawmakers aims to reduce the public deficit which had increased in 2017. The peace agreement that was signed between the government and the FARC guerilla in 2017 and the resulting increased security in many of the country’s remote areas should continue to attract investment in the agricultural sector. Colombia’s balance of trade increased significantly over the last years as the country signed free trade agreements with the US, the EU, and various other countries. The economy grew by approximately 2.8% in 2018, helped by solid private consumption. Exports grew by 15.8%, with a further increase expected in 2019.
Colombia offers attractive conditions for foreign companies in order to maintain the positive economic upswing. One example is Sana Commerce, a Dutch e-commerce software company that opened its first Latin American office in Colombia in 2018. Cas Nieskens, Manager of Sana Commerce in Colombia explains why the company chose Colombia: