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Colombia ranked among top 20 emerging markets
Published on February 13, 2013 Email To Friend    Print Version

MIAMI, USA (PXP) -- Colombia has been ranked among the top 20 emerging markets for global investors, according to a recent report by Bloomberg Markets magazine.

Recognized for strong economic growth, low inflation, and ease of doing business, Colombia was positioned at number 11, outranking such markets as Mexico, Brazil, and the Philippines. The report noted Colombia's strong GDP growth, projected at 21.9 percent for 2013 to 2017.

Colombia was also recognized for favorable economic stability, with low inflation of 3.0 percent.

Boasting strong macroeconomic indicators, Colombia attracted the attention of international investors during 2012 with the implementation of the US-Colombia Free Trade Agreement in May. The European Parliament approved a similar measure in December to enhance trade relations between Colombia and the European Union. The Free Trade Agreement offers a variety of incentives for entrepreneurs, including access to a lucrative market of nearly 50 million people.

Colombia is ranked fifth worldwide and first in Latin America in terms of investor protection according to the World Bank.

Gartner, a leading information technology research and advisory firm, has included Colombia in its annual study of the top 30 countries for offshore services destinations. The study cited the country's strengths as a location for call center and transaction BPO work, proactive government support for the IT sector, and cost competitiveness.

Markets were selected according to their ratings on a variety of criteria, including financial-market statistics, IMF forecasts, and World Bank analyses.
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