Colombia is placed in the middle of the American continent, between five different time zones, and close in distance to several North, Central and South American nations. It is reputed as one of the richest countries in biodiversity, an economy in constant growth, and leader among the emerging countries. It is also recognized for its good business practices, reliability, and social and environmental responsibility policies.

According to IMD World Competitiveness 2011, Colombia is the country in the region with the highest availability of skilled labor and credibility of its managers.

It is the country that ranks first in Latin America in knowledge transfer and innovation capacity.

In Latin America Colombia is the country that offers the best support to stimulate innovation and the second to have a legislation that encourages scientific research.

Colombia advances in the development of an effective education system that meets the needs of the economy and ranks among the most competitive in the region.

Colombia is the second country in the region in the government decision effectiveness and justice implementation rankings according to IMD World Competitiveness, 2011.

Colombia has a comprehensive legal framework for business. Colombia’s judicial system defines the legal rights of commercial entities, reviews regulatory enforcement procedures, and adjudicates contract disputes in the business community. The judicial framework includes the Council of State, the Constitutional Court, the Supreme Court of Justice, and the various departmental and district courts, which are also overseen for administrative matters by the Superior Judicial Council. Colombia’s foreign direct investment legal framework also incorporates binding norms resulting from its membership in the Andean Community of Nations (CAN) as well as other free trade agreements and bilateral investment treaties.