Doing business in Colombia and China

Executive Summary china and Colombia atomic number 18 two different countries with different culture, language and traditions. china has been the meteoric growing economy for 20 years and oecumenical companies pee been steeply attracted to that huge market for its revenue potential. On the other hand, Colombia represents a stable economy which is growing at a good pace attracting investors from around the world. To start doing barter in any of the two countries, investors should follow up to 14 procedures and until 40 days to enter to that country, precise different to the countenance-rate expiration that takes in developed countries. According to the World Bank, Colombia ranks 53 and China 83 out of 181 on their ease of doing; very high comp ard to the US which ranks 3rd. For that reason investors should be aware of totally the oddball of costs not only tariffs, duties and fees but overly non-tariff barriers that foundation affect the way of doing business. If a Chin ese fellowship decides to export to Colombia, it will have an advantage since China ranks as the second country from which Colombia imports. Potential industries are consumable goods, nutrition perseverance and apparel. Conversely, if a Colombian phoner decides to export to China, this company has to deem if it is feasible to supply the demand on sentence and if the products are sufficiently adapted to that market.

In addition, it is grand to strain that Colombia has captivating trade agreements and tariff preferences with other countries and also, strong ties with the US economy. On the other hand, China has recently joined the WTO and forthwith it has main course to preferentia l tariffs around the world. The language and! cultural differences are important factors that do not have to be overlooked. For example, in China, plunge good relationships or ?Guanxi? is the... If you want to get a good essay, order it on our website: OrderEssay.net

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