What is the trade balance? The trade balance refers to the difference between the products a country sells to the world and those it buys. It is an important indicator of a country’s economic health.
Are international reserves an effective tool in the fight against climate change? For the second time in less than two months, President Petro referred to the global financing of environmental protection with international reserves, increased with Special Drawing Rights.
Attention, importers and exporters! Colombia has a new customs regime The new customs regime, announced by the DIAN, has generated diverse opinions in the logistics and commercial sector. Learn about the most important modifications, the guarantees for customs users and the opinions of experts.
Incoterms: Keys to Success in International Business Incoterms are an invaluable tool in the world of international business. Over time, they pave the way to success in global transactions.
Men and women are increasingly vain: Colombia is a leader in the beauty products industry The consumption of beauty products among Colombians has become a true cultural phenomenon. From makeup to creams and treatments, the beauty industry has conquered our hearts and pockets.
How is international trade going? The world is going through a new phase International trade refers to global transactions of goods and services. Its determinants are the economic development of the major powers, geopolitical contradictions that alter balances of power, and technological development.
Cartagena will host the first Tax Summit of Latin America and the Caribbean: this is the scenario Cartagena will host the first Tax Summit of Latin America and the Caribbean. It seeks to go beyond the 2021 agreements reached within the framework of the OECD, and to advance in the objective of higher taxation by multinationals and the wealthiest.
The alarming figures of migration in Colombia: strata 1, 2 and 3 migrate for lack of opportunities and strata 4, 5 and 6 for fear of the political situation Migration in Colombia has reached worrying proportions. Last year alone, 547,000 Colombians emigrated, a historic figure. Lack of employment and political instability are among the main reasons.
Rice growers once again hit the streets: recent protests confirm the difficult moment for rice in Colombia The outlook for rice in Colombia is troubling. Despite being one of the most consumed foods in the country, the rice sector faces serious challenges in the domestic and international markets, as shown by the recent protests of producers throughout the country.
Exports of construction materials consolidate as a good business opportunity The construction materials export sector has driven the recovery of the economy after the pandemic. It will be a key player in the short term due to its importance for the generation of wealth and development in the economy.
Substituting fossil fuel revenues with tourism in Colombia proves to be a challenging transition Revenues from tourism in Colombia are not growing as expected, as revealed by the results of the first four months of 2023. The government launched a strategy to improve the sector’s finances with which it intends to replace foreign exchange from oil and coal.
Exporting regions in Colombia continue to grow A report released by Mincomercio states that eight exporting regions in Colombia went from exporting USD $9,941 million in agricultural, agro-industrial and industrial products in 2021, to USD $12,661 million in 2022.
Do you know what the Medium-Term Fiscal Framework is? A guide to understand it The Medium-Term Fiscal Framework contains the ten-year outlook for the State’s finances. We present this guide to understand it.
Renewable energy consumption was only 7.5% worldwide in 2022: oil and coal dominate global energy scenario The world’s high dependence on fossil fuels highlights a challenging scenario for global renewable energy consumption.
Polybol and Minipak: technological progress and Colombian exports with added value The added value of Polybol and Minipak goes beyond their recognition for packaging such traditional products as Bon bon bum. This is what the production leaders told us as we toured their factories.
The CELAC summit and the European Union: tensions and disagreements The next CELAC and European Union summit will be the scene of friction and disagreements or, at best, it will be inconsequential.
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Colombia Exporta Exporter of the week: Many of the fortified wheat flour cookies eaten in Latin America are produced in Colombia
Colombia Exporta Exporter of the week: Sugarcane-derived company exports chemicals and biotechnology to 30 countries
Colombian Exports Exporter of the week: service company driving business sustainability in Latin America
Colombian Exports Exporter of the week: Outsourcing, the company that provides customer service in Spain and the U.S. and is giving lectures on exporting services
Colombian Exports Exporter of the week: With the work of Frida Kahlo and Colombian authors, Cangrejo Editores is conquering the world
Colombia Exporta Exporter of the week: this is the company that exalts the Colombian cocoa crop and exports fine chocolate
Colombian Exports Exporter of the week: ingeniously transforming Colombian concrete into street and home furnishings
Campo Four threats loom over Colombia’s dairy industry, according to the president of Dignidad Ganadera
