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Agroindustry

COLOMBIA INVESTMENT SUMMIT 2020- Agroindustry
  • According to the UPRA zoning study, there are about 14.1 million hectares with high and medium aptitude for the establishment of commercial forest plantations in Colombia. Additionally, the country´s strategic location allows year-long photosynthesis and more than 10 forest species suitable for added value products (Source: CONIF).
  • Colombia is the third largest growing South American economy in the agriculture, forestry, and fishing sectors. In 2018, the agricultural, food and beverages production sector represented 9.6% of the Colombian economy and grew 2%.
  • The Colombian countryside has the potential to become an agricultural power in the region: Colombia is the fifth biggest country in Latin America, with a surface of 114 million hectares, of which, 40 million have been declared as the national agricultural frontier* (35% of the national territory) (UPRA).
  • The Colombian agricultural supply has products with organic, HACCP, ISO, BCR, GlobalGap, Fairtrade certification, among others.
  • Between 2014-2018, Colombia was the fourth country with the largest number of FDI projects in the agribusiness sector in Latin America, after Mexico, Brazil and Argentina (FDI MARKETS).
  • Colombia provides incentives for reforestation projects through the Forest Incentive Certificate which is a direct monetary contribution ranging from 50% to 75% of the costs of seeding forest plantations.
  • According to the International Cocoa Organization (ICCO), 95% of the Colombian cocoa used for exports, received the "fine or flavor" distinction. Such attribute is only granted to 5% of the beans commercialized worldwide. On the other hand, only 75% of the Peruvian and Ecuadorian exports received this distinction.
  • The fine or flavor properties of Colombian cocoa are guaranteed by the optimal agroecological conditions and excellent genetic materials.
  • Because of its climate, variety of thermal floors, water availability and nutrient-rich lands, Colombia has a varied supply of agricultural products throughout the year.
  • The Rural Agricultural Planning Unit (UPRA, Spanish abbreviation) has identified 12.8 million hectares with a high and medium aptitude for cocoa crops.
  • According to the World Bank index of "Enabling the Business of Agriculture (EBA)", Colombia ranks first in the finance indicator (measuring laws and regulations that affect access to financial services for farmers and agribusiness) and third in the water indicator (measuring key elements within the legal and regulatory framework that impact farmers access to sufficient quantities of water, at an adequate quality level and at the time and location needed for crop production) after Spain and Mexico.