Doing business in Colombia and China

Executive Summary china and Colombia atomic number 18 2 distinguishable countries with different culture, quarrel and traditions. mainland China has been the fastest developing economy for 20 old age and oecumenical companies have been extremely attracted to that huge market for its taxation potential. On the other(a) hand, Colombia represents a stable economy which is development at a right-hand(a) pace attracting investors from around the world. To develop doing barter in whatever of the two countries, investors should follow up to 14 procedures and until 40 age to enter to that solid ground, precise different to the second-rate period that takes in developed countries. According to the homo Bank, Colombia ranks 53 and China 83 out of 181 on their easiness of doing; very high compared to the US which ranks 3rd. For that reason investors should be alive(predicate) of totally the type of cost not only tariffs, duties and fees exclusively overly non-tariff barriers that can accept the way of doing business. If a Chinese fellowship decides to slew to Colombia, it lead have an advantage since China ranks as the second country from which Colombia imports. Potential industries are expendable rock-steadys, nutrition industry and apparel. Conversely, if a Colombian phoner decides to export to China, this company has to estimate if it is workable to supply the demand on sentence and if the products are sufficiently adapted to that market.

In addition, it is burning(prenominal) to strain that Colombia has attractive trade agreements and tariff preferences with other countries and also, unfluctuating ties with the US economy. On the other hand, China has recently united the WTO and forthwith it has access to preferential tariffs around the world. The language and ethnic differences are important factors that do not have to be overlooked. For example, in China, establish good relationships or ?Guanxi? is the... If you want to go a full essay, hostelry it on our website: Orderessay

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