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The Organisation for Economic Co-operation and Development (OECD) is an international organization with the aim of designing policies for a better way of carrying out development and economic co-operation. These policies would bring prosperity, equality, opportunities, and well-being for everyone. The OECD works with the organization’s member governments to set international standards to produce solutions too different social, economic, and environmental challenges. They are described as “a...
Claudio Ramirez shares his perspective on the nature of the Canada-Colombia relationship and his team's success in promoting Canada as an important partner for Colombia. Find out about the current trade relationship and business potential between Canada and Colombia from Canada's Trade Commissioner to Colombia, Claudio Ramirez. Biz Latin Hub’s Chelsea Heywood had the pleasure of connecting with Claudio to gain his insights on the bilateral trade relationship, and what Colombia can offer...
In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. We received a range of responses from 75 business owners, executives, government officials and other specialists operating in over 40 countries worldwide. 57.3% of respondents are considering expanding...
The Canada-Colombia Free Trade Agreement (CCoFTA) has been in force since August 2011. It is Colombia’s second free trade agreement with a developed country. The negotiated items in this agreement are comparable to the commercial terms found in Canada’s other bilateral agreements with Chile, Costa Rica, and Peru. Since the establishment of the agreement, trade between both countries has developed tremendously. In this article, we'll describe the principal goals, results, and opportunities of...
Current travel restrictions and business climate are incentivizing companies to consider alternative ways to manage employee payroll in Colombia. Company incorporation and establishing a representative branch or office may previously have been the preferred method to enter the Colombian market. Now, as foreign companies work to secure their cash flow and are unable to travel to the country, engaging with local providers to support their overseas staff is an increasingly viable option to...
Take our short survey and share your perceptions about the current and future outlook for doing business in Latin America: Perceptions of doing business in Latin America | Hacer negocios en América Latina We are seeking to understand general attitudes about working or doing business in Latin America, and understand what individuals and companies may be planning for the future. We are seeking to understand general attitudes about working or doing business in Latin America, and understand what...
Our senior legal and accounting experts deliver monthly updates on regulatory and other changes in their respective countries in Latin America. Find out regulatory changes occurring across Latin America that may impact you and your business. Extension for Registry of Commerce renewal in Bolivia Bolivia's response to the COVID-19 includes an extension of the deadline for commercial renewal with the Registry of Commerce. In Bolivia, the government’s response to the COVID-19 pandemic has included...
In recent years, market observers have recognized a high potential for stronger Colombia-China trade relations. As many know, China is the second-largest economy in the world. Colombia is the fourth-largest economy in whole Latin America. A pairing like this offers strong potential trade channels for exporters and importers operating in Colombia.In the last decade, all of Latin America’s economies have grown more accustomed to receiving Chinese investment and commercial attention. China is the...
Use these 7 practical tips to continue doing business in Colombia during uncertain and challenging current conditions. The Colombian government has implemented several temporary Decrees and ‘Circulars’ (Circulares) to manage commercial operations and strains on company cash flows and counter the spread of COVID-19. At present, these measures are deemed temporary and there is currently no intention to enforce permanent changes to doing business during this time. Last week, Biz Latin Hub's...
Guatemala is bolstered by free trade agreements with the United States, the European Union and other Central American countries. The diverse country is blessed by its strategic location, representing a natural bridge between North and South America. In addition, the country takes advantage of being located in the Eastern Standard Time (EST) zone, which is congruent with key hubs of the lucrative North American market. Guatemala, therefore, meets the best preconditions for conducting trade and...