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This Investment Policy Review examines Colombia's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment. The Review shows that, in the past few years, Colombia has made tremendous progress in promoting investment liberalisation and improving its investment policy framework....
This Investment Policy Review examines Colombia's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment. The Review shows that, in the past few years, Colombia has made tremendous progress in promoting investment liberalisation and improving its investment policy framework. Colombia has also recently undertaken important policy reforms in many of the areas covered by the Guidelines for Multinational Enterprises, including human rights, labour issues and bribery. In recognition of its progress in pursuing policy reforms to promote investment liberalisation and improving the business climate, Colombia became the 43rd country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. As an adherent to the Declaration, Colombia commits to providing national treatment to foreign investors and to promoting responsible business conduct, in line with the Guidelines for Multinational Enterprises. In turn, the country benefits from similar assurances from other adherents to treat Colombian investors fairly. Table of Content : Introduction and Summary -The role of foreign investment in Colombias economic development-Non-discrimination and equal treatment of investors-Policies in support of responsible business conduct-Colombias policy framework for investment -Investment framework in support of green growthChapter 1. The Role of Foreign Direct Investment in Colombias Economic Development-Recent FDI developments -Foreign investor participation in privatisation programmes -References Chapter 2. Colombia and the National Treatment Instrument -Introduction -The principle of non-discrimination of foreign direct investment in Colombias investment regime-Exceptions to the National Treatment instrument notified by Colombia-Measures notified by Colombia for transparency -Colombias plans for eliminating existing restrictions-Colombia and the OECD FDI Regulatory Restrictiveness Index-References Chapter 3. Colombia and the OECD Guidelines for Multinational Enterprises-General policies for promoting responsible business conduct -Colombias policies in major areas of responsible business conduct -Establishment of a National Contact Point -ReferencesChapter 4. Colombias Policy Framework for Investment-Investment policy-Investment promotion and facilitation-Trade policy-Infrastructure development -References Chapter 5. Investment Framework in Support of Green Growth -Investment in support of green growth in Colombia overview -Colombias commitment to green growth -Regulatory and policy framework for green investment -Institutional capacity to design and implement green investment policies -Investment incentives -Private sector participation in green infrastructure -References Annex A. Statistical Tables Annex B. Colombias Exceptions to the National Treatment InstrumentAnnex C. Colombias Participation in International Organisations and International Conventions
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