INTERNATIONAL TRADE INCENTIVES AVAILABLE
Colombia sponsors Free Trade Zones in Bogota, Barranquilla, Malambo (near Barranquilla), Cucuta, Cali (Palmaseca and Pacifico), Cartagena (Mamonal and Candelaria), Rionegro (near Medellin), Quindio, and Santa Marta. Industries located within these zones do not pay import duties or income tax on all products re-exported. The privatization of Free Trade Zones, initiated under Law 7 of 1991, was completed in 1994.
North American multinational Masterfoods builds plant in Colombia. Masterfoods Colombia, a subsidiary of the Mars Incorporated group, which handles candy brands such as M&M´s, Snickers, MilkyWay and Twix, will build a pet food plant at the Industrial Park Malambo in Barranquilla. This project will generate 200 new jobs. The new plant will supply countries of the Andean region such as Venezuela, Ecuador, Peru, and Bolivia, and in the future it might supply Central America and some parts of the United States.
2006-07-25 08:07:16
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answer #1
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answered by Iamnotarobot (former believer) 6
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