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Colombia
  • Imports from Colombia A$54 million
  • Exports to Colombia A$47 million
  • Capital Bogotá
  • Official Language Spanish
  • Area 1,139,000 sq km
  • Population 47.2 million

Last updated: 16 Jul 2014

Market profile

Doing business

Initial correspondence with potential business partners should be in Spanish, as letters in English are more likely to be given lower priority.

More information on doing business in Colombia

Country Profile Content supplied by Department of Foreign Affairs and Trade

  • ECONOMIC CLIMATE
    The IMF forecasts Colombia’s real growth will be 4.3 per cent in 2013. This follows strong growth in 2011 and 2012 (6.6 per cent and 4.0 per cent respectively).
    » read more at DFAT
  • POLITICAL CLIMATE
    Colombia has a democratically-elected representative government with a strong executive.
    » read more at DFAT
  • TRADE RELATIONS
    Australia’s two-way travel services trade with Colombia totalled $277 million in 2012, with $269 million in travel services exports from Australia.
    » read more at DFAT

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OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.

Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.

The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.

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