Florida maintains robust trade relations with Brazil, Colombia, CAFTA, Mexico, and Chile in Latin America.
Florida firms need a reliable translation partner as they pursue market power in Colombia, as detailed below.
Because of its strategic geographic location, Florida is expected to benefit more than other U.S. states under the Free Trade Agreement between the US and Colombia.
Indeed, Colombia ranks as the Sunshine State’s number five export destination in 2017. [1]
Hopes are high for continued improvement of Colombia’s security situation as a dividend of the historic peace agreement between Bogotá and the FARC narco guerrilla.
Much of the lands occupied by the Marxist rebels during the fierce civil war for more than 50 years are full of vital natural resources.
In addition, the US continues to be the Andean giant’s #1 international investor, totaling over $15 billion between 2010 and 2016. [2]
Colombia’s ProExport trade agency reports 635 companies now send products for the first time – coffee, flowers, honey and sugar, chiefly – to the US. [3]
Colombia Facts Capsule
Mineral-rich Colombia is the fourth-largest country in South America [4] and the third most populous. [5]
The US remains Colombia’s premier export market – 32.8% of all shipments. [6]
Florida is also the #1 preferred state to make purchases of US products. [7]
US purchases of Colombian goods skyrocketed 12% in 2016 over 2012 – when the Free Trade Agreement entered into force. [8]
Colombia and Florida
Both states continue to mutually benefit from the freer exchange of goods and services.
The Andean giant is the top 5 export destination for Florida goods and #7 international importer. [9]
Florida companies definitely see the value of entering the growing Colombian market.
An emerging market sector is IT and Computers as confirmed by the success of six Colombian tech firms that caught the notice of Forbes magazine. [9]
Is your company exploring business links with Colombia or already a player?
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Businesses venturing into international commerce need a team to help manage their affairs.
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Email in Spanish. Contracts and Terms of Use in Spanish.
Internet research in the Colombian web to learn about local conditions direct from the source and in the Spanish language.
Work 1-on-1 with your personal translator – Professor Winn – for a confident, hands-on partner to help facilitate your business growth in Colombia.
If you are pursuing business in Latin America, make sure you have a reliable and experienced translation partner at your side.
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