Colombia's Policy Framework for Investment

In addition to legal provisions, a number of policy areas have an important impact on the investment climate, such as investment policy, investment promotion and facilitation, trade policy and infrastructure development. The Colombian government has made great progress in improving the country’s business environment over the past years, as reflected in the good rankings in the World Bank’s 2011 Doing Business report. The government is determined to continue its efforts in this area and has included enhancement of the investment framework among the key objectives of the National Development Plan for 2010-14. Colombian legislation does not impose conflicting requirements on multinational enterprises established in the country and accords with the Conflicting Requirements instrument of the OECD Declaration on International Investment and Multinational Enterprises.