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Our Vision

In 2032, Colombia will be one of the three most competitive countries in Latin America, through a dynamic export-oriented economy based on high-value and innovative goods and services, with an adequate business environment that incentives local and foreign investment, promotes regional convergence, improves opportunities for formal employment, enhances quality of life and substantially reduces poverty levels, reaching an adequate per capita income level, similar to those on the high end of medium income level countries.

So far, the CPC has proposed a strategy based on five key elements:

  1. Economic sectors with world class productivities, similar to the productivity of the US, sectors that bring solid income and exports, which promote technology leadership and concentrate 10% to 15% of the employment.
  1. A network of sectors that are labour intensive and have unsatisfied demand need to create more employment and increase their value.
  1. Increase the levels of formality in the economy: today, only 40% of the employment meets formal standards. The formal sector is seven times more productive than the informal sector and hinders the expansion of formal businesses. The goal is that in 25 years Colombia has reversed that ratio so that 60% of the employment meets formal standards.
  1. Deepen the alternatives in the capital markets: the country needs to create alternatives to improve savings stock and focus those resources towards enhancement of the productive sector. Colombia is over concentrating its savings in public debt, we need more resources allocated as venture capitals, to turn ideas into profitable business.
  1. Improvement of the competitive and investment climate: cross cut impact strategies that improve the competitive environment. This initiatives need to be driven and focused according to the productive agenda of the country. Regulation and public investment need to respond to growth priorities, to promote competitiveness and to facilitate productivity. The business environment needs to respect property rights for every citizen.
     
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