“Doing business in Chile & Colombia” Colombia Market overview B&CCC – UKTI London, October 28 th 2013

Source: WEO October Growth Perspectives Real annual growth of GDP(%) WorldDeveloped CountriesEmerging AsiaLatin America

Colombia’s overview The oldest democracy in Latin America. 47 million people. 55% under 30 years old. 7 metropolitan areas with over people. Colombia is the third friendliest country to do business in Latin America and the biggest reformer in the region, according to the World Bank. 96% of companies in Colombia are SME. (58% in commerce, 30% services and 12.5% industry).

Colombia is one of the fastest growing economies in the next five years. Colombia – a growing economy Source: “Diamonds in the rough: Unearthing opportunity in an uncertain world”. The Economist March Why? - Respect for private and intellectual property. - Natural resource boom - Advance in national security and peace process - FTAs with almost 50 countries (including the US) - Rapid FDI growth

GDP Growth, Inflation and unemployment Rate – 2016p % p: Projected. e: Estimated Source: DANE- Colombia Central Bank - EIU: Economist Intelligence Unit Inflation Unemployment Macroeconomic stability and strong economic performance in the long run GDP