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