Analysis of Colombian Business Environment for Zip-6 Entry

This report provides an analysis of the Colombian business environment, focusing on the impact of political, economic, and technological events on the country's business culture. It examines the robustness of the Colombian economy to support the growth of the sports drink industry and the potential entry of Zip-6. The report highlights the importance of factors like Foreign Direct Investment (FDI), TV concessions, and legal frameworks in influencing business opportunities. It also touches upon the clothing export sector, particularly the increase in clothing exports from Colombia to the US. The report references the impact of laws passed by the Congress party in 2005, which aimed to simplify procedures and encourage investment, ensuring stability for investors. Overall, the report assesses the potential of the Colombian market for specific industries and companies, providing insights into the country's economic landscape.

Running Head: GLOBAL BUSNIESS 1
GLOBAL BUSNIESS

Running Head: GLOBAL BUSNIESS
Table of Contents
What events (political, economic, and technological) are the most important in recent years that might
have impacted the business culture in Colombia?......................................................................................3
Do you feel that the Colombian economy today is sufficiently robust to support the growth of the sports
drink industry and Zip-6’s entry within the country and why?....................................................................4
References...................................................................................................................................................5

Running Head: GLOBAL BUSNIESS
What events (political, economic, and technological) are the most
important in recent years that might have impacted the business culture
in Colombia?
Colombia which is known as officially Republic of Colombia is a country of South
America, bordered towards the wings of the Panama, also towards the North of the Caribbean
Sea. It is called as unitary constitutional republic which comprises of around 32 departments.
Colombia's needs incorporate appearing exchange openings from as of late consented to
facilitated commerce arrangements, the combination of a business domain that enables
undertakings to begin and build up their fare business and to build up a solid administrations
send out division (International Trade center, 2018).
In terms of the clothing department Colombia tends to be one of the top countries of the
Americas that has been taking the topic of the fashion seriously. Colombia additionally
underpins ecological activities and reasonable exchange with organizations gaining worldwide
authentications, for example, BASC, ISO 9000, and ISO 14000, among others. It has an
exchange stage with in excess of 16 business exchanges understandings that permit financial
specialists particular access to third markets. In the present case the major focus is on the
acquisition of the South American country, Colombia to figure out how much expansion would
be given and what probable reasons or opportunities lie for them.
Colombia was forced as the clothing country to reach at heights in case of the Apparels.
According to the scenario in US, the volume of clothing exports from Colombia to US increased
by 9.4% in the financial year 2015. Also if the overall value difference is recorded the overall
increase was 14% from us$225 million 197 million a year.

Running Head: GLOBAL BUSNIESS
Do you feel that the Colombian economy today is sufficiently robust to
support the growth of the sports drink industry and Zip-6’s entry within
the country and why?
In my perception, the Colombian economy is suddenly ready for exporting the clothes
both within the industry and outside it. The economy is robust and has been increasing in the
sector of the sports drink and Zip 6 entry, due to the presence of FDI. This would assist Zip-6 in
transmission of the media, accountability, vitality, the travel industry, and specifcally, in
legitimate performance and security of dispersion. Zip-6 would face certain factors and the
discrepancies, it can exploit TV concessions and across the country private TV activities, radio
telecom, sea offices, national planes and sending to move its items abroad. In the opinion of U.S
Department of State there were two major laws which have been passed by the Congress party in
the year 2005. Law 962 and Law 963 were brought into the existence. The major role of the
Law 962 was to keep things in the simplest manner and provide the review and opinion on the
new procedures. In continuation to this Law 963 helps in the development of the contracts of the
legal ability with the State Government. This opportunity was majorly created majorly for the
investors and the agreements makes sure that the rules and the regulations associated to the
speculation at the time the venture is gone into will stay as a result for a period of 20 years (Grip,
2016).

Running Head: GLOBAL BUSNIESS
References
Grip, C. (2016). IN FASHION WE TRUST: Exploring the role of internationalization as an
entrepreneurial process in the fashion industry.
International Trade center, (2018). Country Brief. Retrieve from
http://www.intracen.org/country/colombia/